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    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    WAEC releases 2025 WASSCE results, how to check yours

    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

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    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

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    OPEC+ agrees to increase oil production for September

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    Federal Government approves 30-year concession for Enugu Airport

    Only 23% of Nigerians trust INEC- Report says

    Nationwide Voter registration begins August 18 – INEC

    FG approves 300% increase in electricity tariff

    NERC has no authority over state tariff – Enugu Electricity Regulator

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

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    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Release of Oando’s 2019 Annual Financial Statements delayed again

    Result of Oando’s Extraordinary General Meeting over diminution in capital

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    Shoprite to sell stores in Ghana and Malawi

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    President Tinubu assents to Nigerian Insurance Industry reform bill 2025

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    ADES signs agreement to acquire Shelf Drilling Ltd

    Ecobank Nigeria Limited to launch $300 million senior notes

    Ecobank sells stake in Ecobank Mozambique SA

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    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

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    The Nigerian Exchange records impressive performance in H1 2025

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    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

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    How does family of 6 survive with income of N250,000 a month

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    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

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    New hope for Naira fixed income savers?

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Okupe pays N13mn conviction fine for N240mn fraud

Monday, 19 December 2022, 8:16 pm
in News, Nigeria
0
Court convicts Doyin Okupe for breaching money laundering act
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Doyin Okupe, former Senior Special Assistant, SSA, on Media to ex-President Goodluck Jonathan, and director-general of the Peter Obi presidential campaign, on Monday evening paid the sum of N13 million in leu of a two year jail term bagged for N240 money laundering offence.

Investogist reported earlier that Justice Ijeoma Ojuwku of the federal high court in Abuja on Monday convicted Okupe for breaching the money laundering act.

Okupe was arraigned by the Economic and Financial Crimes Commission (EFCC) in 2019 on a 59-count charge bordering on alleged money laundering and diversion of funds to the tune of N702 million.

Justice Ijeoma Ojukwu on Monday found Okupe guilty of receiving over N200 million cash from former National Security Adviser (NSA). Col. Sambo Dasuki.

“I find the first defendant, Dr. Doyin Okupe, guilty on counts 34, 35, 36, and 59,” the court ruled. Incounts 34 through 59, Okupe was accused of receiving various sums ranging from N10 million on different occasions from 2012 to 2015 when he was SSA to president Jonathan.

Justice Ojukwu had ordered that the 26 counts Okupe was convicted on, attract 2-year jail-term each that would run concurrently. This implies that the convict would only spend two years in prison.

The judge, however, gave an option of N500, 000 fine in each of the counts, amounting to N13 million, which must be paid before 4:30pm (the close of work) today.

She ordered that Okupe should be taken to Kuje Correctional Centre to serve his prison term if he failed to meet the option of fine within the time frame.

Investogist gathered that Okupe whose wife and son pleaded for leniency after he was convicted had paid the money.

Testifying to Okupe’s good character, Mrs Omolola said “I got married to him on the 1st of May, 1991.

“My husband is a very good person. He had been a role model to myself and children with sound Christian values

“I have never found him in any allegation of this before,. I will like to appeal to the court for leniency.

“My husband has dedicated his life to serve the nation and he is not here today because he is found guilty of the offence but because of his mistake.

“I ask the court to consider his health and age which is 70 years.

“He has run his family effectively my lord,” she said.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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