Justice Daniel Osiagor of the Federal Top Court docket in Lagos has convicted and sentenced a painter, Sultan Sulaiman, to 4 years in jail for taking ownership of N104.09 million from 4 companies in transactions connected to proceeds of illegal actions.
Justice Daniel Osiagor convicted Sulaiman after he pleaded accountable to a four-court price of money-laundering introduced via the Financial and Monetary Crimes Fee (EFCC).
The prosecutor, Mrs Zeenat Atiku instructed the court docket that Sulaiman gained the price range thru accounts held with other monetary establishments between January 2024 and September 2025.
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Atiku mentioned Sulaiman gained N41.707 million from Brandtech Multilinks Endeavor thru his FCMB account between July 18 and August 26, 2024.
She additionally claimed that the convict additionally allegedly gained N23.114 million from Okesreal Farm Nigeria Restricted thru his Kuda Checking account between March 1 and September 2, 2025.
The EFCC legal professional additional instructed the pass judgement on that Sulaiman gained N21.272 million from WB Multi-concept World Products and services Restricted into his Moniepoint Microfinance Checking account between February 1 and December 6, 2024.
The fourth depend involved N18 million gained from Pedrojay Multi-links Endeavor thru his FCMB account between January 7 and 21, 2024.
The prosecution mentioned the transactions contravened Phase 18(2)(d) of the Cash Laundering (Prevention and Prohibition) Act, 2022, and have been punishable below Phase 18(3) of the similar Act.
After Sulaiman pleaded accountable, the prosecutor reviewed the info of the case, tendered reveals and suggested the court docket to convict and sentence him accordingly.
However looking for leniency, the defence recommend, Adenike Goncalves, instructed the court docket that her shopper used to be remorseful and had recognised his mistake. She suggested the pass judgement on to believe a non-custodial sentence.
Justice Osiagor then sentenced Sulaiman to 4 years’ imprisonment on every of the 4 counts, with the sentences to run at the same time as.
The pass judgement on, alternatively, gave him the strategy to pay a N1 million wonderful and entire 3 days of neighborhood carrier for every depend.
The court docket ordered the jail sentences and wonderful choices to run at the same time as.
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