Friday, 1 May 2015

Michael Igbinedion Asked to Pay N3m Fine for Stealing N25bn or Go To Jail

Former Edo state governor, Lucky Igbinedion younger brother, Michael Igbinedion was sentenced to 6 years imprisonment for charges bothering on money laundering yesterday, April 30, 2015. Michael and a former aide to Lucky, MrPatrick Eboigbodin were dragged before a Federal High Court in Benin City on an 81 count charge on Money laundering said to be carried out while Lucky Igbinedion was still governor of the state. Justice A.M Liman sentenced Michael Igbinedion to 6 years imprisonment with an option of fine of N1million for each of the three counts 79, 80 and 81, for which he was convicted. Mr Eboigbodin was sentenced to 20 years imprisonment without an option of fine. They used four companies, Gava Corporation Limited, Romrig Nigeria Limited, PML Securities Company Limited and PML Nigeria Limited to launder money.

No comments: