A Federal High Court sitting in Lagos on Thursday sentenced a ‘yahoo boy’ Adeyemi Tomiwa Oluwaseun to four years imprisonment or a fine to the value of what he benefitted from his alleged fraudulent activities.
The trial judge, Justice Akintayo Aluko handed down the sentence upon the ‘guilty’ plea by Adeyemi to the one count charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
According to the charge filed before the court by R.A Abdulrasheed , the convict, Adeyemi Tomiwa Oluwaseun who studied Mass Communication at the Moshood Abiola Polytechnic, Abeokuta, Ogun State and now a sales manager to one of the popular malls in Ikeja was alleged to have sometimes in 2019 in Lagos did indirectly disguise the origin of the sum of N8 millon to purchase white Lexus Rx350, a Gold ring, Apple Laptop and customized pendant which sum he knew or reasonably ought to have known forms part of proceeds of unlawful act thereby committed an offence contrary to Section 18(2) of the Money Laundering (Prevention and Prohibition, Etc.) Act, 2022 and punishable under Section 18(3) of the same Act.
Upon his arraignment, Adeyemi pleaded guilty to the one count charge and the prosecutor consequently reviewed the facts of the charge
After reviewing the facts of the charge and tendering of exhibits, which are particulars of a white Lexus Rx350, a Diamond necklace, a Gold ring, Apple Laptop and a customized pendant, the prosecutor asked the court to convict the defendant based on his guilty plea and exhibits tendered.
Consequently, Justice Aluko convicted the defendant as charged.
Following the allocutus made by his counsel, who pleaded for mercy and leniency, Justice Aluko sentenced the convict to four years imprisonment or payment of fine that is equal to the amount the convict benefitted from his illegal activities.
The charge against the convict reads: “That you ADEYEMI TOMIWA OLUWASEUN sometimes in 2019 in Lagos, within the jurisdiction of this Honourable Court, did indirectly disguise the origin of the sum of N8,000,000.00 (Eight Millon Naira}, to purchase white Lexus Rx350, a Gold ring, Apple Laptop and customized pendant which sum you knew or reasonably ought to have known forms part of proceeds of unlawful act and you thereby committed an offence contrary to Section 18(2) of the Money Laundering (Prevention and Prohibition, Etc.) Act, 2022 and punishable under Section 18(3) of the same Act.
More Stories
Setting the record straight: Experts urge journalists to verify facts in Ondo election
Diabetic patients at risk as cost of medication rises over 400%
CIA blocks demand for information on Tinubu’s drug case, says revelation could damage US national security interest