Scale of justice

Money laundering

FRN vs Classiel Integrated Motors Limited

Humans

Classiel Integrated Motors Limited

Money bag

N5,500,000.00
Amount allegedly laundered

Money bag

Case Summary
The accused company was alleged to have failed to report to the Economic and Financial Crimes Commission in writing within 7 days of its lodgment of the said sum which is more than N5,000,000.00 (Five Million Naira) and thereby committed an offense contrary to Section 11(1) of the Money Laundering (Prevention and Prohibition) Act, 2022.

Calendar

0
Year(s) case tried in court

Gavel

Case Update
In view of the defendant's plea, the trial judge thereafter convicted and sentenced the company to a fine of N250,000.00 (Two Hundred and Fifty Thousand Naira) fine.

Court house

Hon. Justice Hauwa Buhari
Federal High Court, Kaduna, Kaduna

Legislation

ACJA/ACJL Compliance
(complied)

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Case Information
Classiel Integrated Motors Limited
Presiding Judge & Designated Court
Hon. Justice Hauwa Buhari, Federal High Court, Kaduna, Kaduna
Nature and Number of Charges
1-count charge bordering on money laundering.
Date of 1st Arraignment
Feb 23, 2024
Summary of Case
The accused company was alleged to have failed to report to the Economic and Financial Crimes Commission in writing within 7 days of its lodgment of the said sum which is more than N5,000,000.00 (Five Million Naira) and thereby committed an offense contrary to Section 11(1) of the Money Laundering (Prevention and Prohibition) Act, 2022.
Defendant(s) and Plea entered on Arraignment
1. Classiel Integrated Motors Limited (Company) – Guilty
Defence Counsel(s)
No defence counsel
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. M. E. Eimonye (Lawyer)
Status of Case
Decided
Decision
Convicted
Length of Trial
0 year(s)
ACJA/ACJL Compliance
Complied
Court Decision
In view of the defendant's plea, the trial judge thereafter convicted and sentenced the company to a fine of N250,000.00 (Two Hundred and Fifty Thousand Naira) fine.
Download Case Summary