News
Court Jails One for Money Laundering, Four Bureau de Change Operators for Illegal Forex Trading
Court Jails One for Money Laundering, Four Bureau de Change Operators for Illegal Forex Trading
Justice Akintayo Aluko of the Federal High Court, sitting in Ikoyi, Lagos, on Thursday, July 30, 2026, convicted and sentenced one Sunmonu Olasunkanmi Thaoban to four years’ imprisonment for money laundering.
Eereporter.com
Sunmonu was arraigned by the Lagos Zonal Directorate 1 of the EFCC on a two-count charge bordering on money laundering.
One of the counts reads:
“That you, Sunmonu Thaoban Olasunkanmi, sometime in 2023, in Lagos and within the jurisdiction of this Honourable Court, whilst acting as a middleman, indirectly disguised the origin of the sum of ₦16,000,000 (Sixteen Million Naira), being illicit gains accrued from your unlawful act, by converting same to a black G-Wagon Jeep, 2018 model, with chassis number 1C4HJWEGJL893461, which vehicle forms part of the proceeds of your unlawful activity, and you thereby committed an offence contrary to Section 18(2)(a) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”
The defendant pleaded guilty to both count charges.
Following his guilty plea, the prosecution counsel, H. U. Kofarnaisa, reviewed the facts of the case and urged the court to convict and sentence him accordingly.
Justice Aluko found Sunmonu guilty and sentenced him to four years’ imprisonment, with an option of a ₦1.8 million fine.
The court also ordered the forfeiture of the convict’s black G-Wagon Jeep and mobile device to the Federal Government of Nigeria.
In a related development, the court also convicted and sentenced four Bureau de Change (BDC) operators to 12 months’ imprisonment each for engaging in illegal foreign exchange transactions.
The convicts, Umar Muhammad Lamido, Yusuf Musa Yusuf, Abdulmuhimin Mahmud, and Muhammed Musa, were prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, on separate one-count charges bordering on illegal foreign exchange operations.
One of the charges against Abdulmuhimin Mahmud reads:
“That you, ABDULMUMIN MAHMUD, on the 23rd of July, 2026, in Lagos within the jurisdiction of this Honourable Court, engaged in a foreign exchange transaction other than through the official foreign exchange market and you thereby committed an offence contrary to Section 11(1)(a) of the National Economic Intelligence Committee Establishment (Etc.) Act, 1994 and punishable under Section 11(2) of the same Act.”
Court
The defendants pleaded guilty to their respective charges.
Following their guilty pleas, the prosecution counsel, H. U. Kofarnaisa, reviewed the facts of the cases and urged the court to convict and sentence them accordingly.
Justice Aluko convicted the four defendants and sentenced each of them to 12 months’ imprisonment, with an option of a ₦100,000 fine.
Eereporter.com
IGP Disu Meets Retired Police Officers, Reiterates NPF’s Commitment to Retirees’ Welfare
The Inspector-General of Police, IGP Olatunji Rilwan Disu, psc (+), NPM, today 30th July, 2026 met with a delegation of Police Retired Officers Forum at the Force Headquarters, Abuja, in a consultative engagement focused on issues affecting retired police personnel, particularly concerns surrounding the administration and welfare of retired police officers.
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In his remarks, the IGP assured them that the Nigeria Police Force leadership remains deeply committed to addressing issues affecting Retired Officers. He emphasized that the welfare of retirees is a standing priority for the Force Management Team and that discussions concerning their well-being are a regular feature of management deliberations.
IGP Disu further noted that the Force leadership will continue to maintain close engagement with retired police officers, stressing that their experience, guidance, and contributions remain invaluable to the growth and development of the Nigeria Police Force.
IGP Disu Meets Retired Police Officers
The Nigeria Police Force remains steadfast in honoring the service of its officers by ensuring their dignity, support, and welfare both during their time in active service and in retirement.
Eereporter.com
NNPC Limited, SNEPCo Strengthen Collaboration Towards Production Growth
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today received in audience the General Manager, Deepwater Oil, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Mr Iyke Nnoaham, at the NNPC Towers, Abuja.
SNEPCo, NNPC
Discussions centred on deepwater production and how planned developments can support NNPC Limited’s upstream aspirations through enhanced partnerships and strengthened collaboration.
Eereporter.com
EFCC Arraigns Aminu Datti Ahmed for Alleged N15m Fraud in Abuja
The Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday July 30, 2026, arraigned one Aminu Datti Ahmed before Justice M.S. Idris of the Federal Capital Territory High Court, Jabi, Abuja for fraud.
Eereporter.com
He was arraigned on a one-count charge, bordering on misappropriation of funds to the tune of N15 million.
The charge reads: “That you, Aminu Datti Ahmed and Blackrock Apartments & Suites Limited, sometime in 2025 at Abuja within the jurisdiction of the High Court of the Federal Capital Territory, dishonestly converted to your personal use the sum of N15, 000, 000.00 (Fifteen Million Naira, only), which was mistakenly credited to Taj Bank account, with account No. 0000251807 belonging to Aminu Datti Ahmed, CEO of Blackrock Apartments & Suites Limited which the said sum was meant to be credited to Braverock Investment Limited, as part of scheduled payments for a property being acquired through the said firm and you thereby committed an offence contrary to Section 308 of the Penal Code Law, Laws of the Federation of Nigeria 2004 and punishable under Section 309 of the same Law.”
He pleaded not guilty to the charge, following which prosecuting counsel N.M. Tertsua asked the court for a trial date and for the defendant to be remanded in a Correctional centre, while the defence counsel, Isyaku Musa, applied for his bail, which was not opposed to by the prosecution.
EFCC
Justice Idris granted bail to the defendant in the sum of N10 million with two sureties, one of whom must be a businessman with business certificate, who must swear to an affidavit on the bail bond.
The matter was adjourned till October 21, 2026, for commencement of trial.
Eereporter.com
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