Man bags 24 years imprisonment in Ibadan, for money laundering

Segun Showunmi in Ibadan

The Federal Court sitting in Ibadan, Oyo State Capital has sentenced a man, Raphael Davies to 24 years for money laundering,having being arraigned by the Economic and Financial Crimes Commission(EFCC) on eight count charge

Penpushing reports that, the Head and Media Publicity of the commission, Dele Oyewale made this known in a statement, adding that the convict had earlier pleaded not guilty, thus setting the stage for his trial

“The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, arraigned Davies on an eight-count charge of money laundering, to which he pleaded not guilty, thus setting the stage for his trial’, Oyewale said.

Penpushing further reports that, the prosecution counsel, Simon Ibekwute while presenting his argument, prayed the court to convict and sentence Davies accordingly, while the anti-graft in a statement said, trouble started for Davies sequel to an anonymous petition which alleged his serial use of fictitious addresses and fake PayPal account to purchase  items online,  with the intention to defraud unsuspecting members of the public.

The Economic and Financial Crimes Commission (EFCC) disclosed in the statement that investigations into the allegations led to his arrest and prosecution.

.Penpushing further reports that after reviewing the evidence ,  Justice Joyce Abdulmalik held that the  agency  convinced the court beyond all reasonable doubts, and that Davies was guilty as charged.

The judge, therefore sentenced him to 36 months on each of the eight counts, while his  prison terms run concurrently and take effect from his arraignment date of February 19, 2018.


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