Scale of justice

Money laundering

FRN vs Okunfulure Olusola Steve

Humans

Okunfulure Olusola Steve

Money bag

$30,000.00
Amount allegedly laundered

Money bag

Case Summary
The accused allegedly failed to make a declaration of the sum to the Nigerian Customs Service at the Murtala Muhammed International Airport, Ikeja, and thereby committed an offence Contrary to and Punishable under Section 3(5) 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 him to three months imprisonment, with effect from the date of his arrest, March 28, 2025. The Judge also ordered that the money be forfeited to the Federal Government of Nigeria.

Court house

Hon. Justice Deinde I. Dipeolu
Federal High Court, Ikoyi, Lagos

Legislation

ACJA/ACJL Compliance
(complied)

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Case Information
Okunfulure Olusola Steve
Presiding Judge & Designated Court
Hon. Justice Deinde I. Dipeolu, Federal High Court, Ikoyi, Lagos
Nature and Number of Charges
1-count charge bordering on money laundering.
Date of 1st Arraignment
Apr 2, 2025
Summary of Case
The accused allegedly failed to make a declaration of the sum to the Nigerian Customs Service at the Murtala Muhammed International Airport, Ikeja, and thereby committed an offence Contrary to and Punishable under Section 3(5) of the Money Laundering (Prevention and Prohibition) Act, 2022.
Defendant(s) and Plea entered on Arraignment
1. Okunfulure Olusola Steve – Guilty
Defence Counsel(s)
No defence counsel
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Okezie Chineye (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 him to three months imprisonment, with effect from the date of his arrest, March 28, 2025. The Judge also ordered that the money be forfeited to the Federal Government of Nigeria.
Download Case Summary