Money laundering
FRN vs Sarah Reng Ochekpe (Former Minister of Water Resources) & 2 others
Sarah Reng Ochekpe
& 2 others
N450,000,000.00
Amount allegedly laundered
Case Summary
The accused were alleged to have received the said sum out of the N23,000,000,000.00 brought to Fidelity Bank Plc through cash and wire transfer by some oil companies and a Former Petroleum Resources Minister, Diezani Alison Madueke, to influence electorates and the outcome of 2015 Presidential Election.
1,492
Day(s) case tried in court
Case Update
The trial judge, while delivering judgement, sentenced the defendants after finding them guilty of charges of conspiracy and money laundering. The judge convicted the defendants on a count of conspiracy to accept cash payment above the threshold under the anti-money laundering law and sentenced them to three years imprisonment with an option of N2 million fine each. The judge also convicted and sentenced the defendants to three years imprisonment with an option of N2 million fine each on count two. The sentences are to run consecutively. The court, however, discharged and acquitted the defendants on the third count of retention of funds.
Hon. Justice Musa Haruna Kurya
Federal High Court, Jos, Plateau
ACJA/ACJL Compliance - violated