Yakubu Aminu and Two Others Convicted for Financial Crimes in Kwara
Two courts in Kwara State have convicted three individuals involved in financial misconduct, marking a significant move against financial crimes in Nigeria. The rulings are seen as a strong deterrent to potential offenders.
Yakubu Aminu, a Bureau De Change (BDC) operator, was sentenced to 200 hours of community service by Justice Abimbola Awogboro of the Federal High Court in Ilorin. He was convicted for operating without a valid license, in violation of Section 15 (5) of the Banks and Other Financial Institutions Act, 2020. Along with his sentence, Aminu was ordered to forfeit 50,000 CFA and N368,500 to the Federal Government. His arrest took place at Chikanda Market in Baruten Local Government Area.
In a separate case, Justice Hammed Gegele of the Kwara State High Court sentenced Abdullahi Abdulrasaq Omotosho and Akeem Ibrahim Salaudeen to six months in prison for their roles in internet fraud. Evidence presented by the Economic and Financial Crimes Commission (EFCC) led to their convictions. Salaudeen also forfeited N4,069,000, an iPhone 11, and $600, with an option of paying a N150,000 fine.
These convictions highlight the Nigerian government’s commitment to upholding financial integrity and ensuring compliance with financial regulations.
