Subscribe to get Updates
  • Login
The News Bearer
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Nine die in Jigawa auto crash

    Olugbon felicitates Muslims on Eid al-Adha

    Sallah celebration: Makinde advocates six-year single term for president, governors

    Eid-el-Kabir: Makinde felicitates Muslims, calls for increased prayers

    Gunmen kill two MOPOL officers, abduct Chinese national, Nigerian in Kwara

    Makinde appoints new TESCOM Board chairperson, members

    Lagos CP deploys operatives to Mushin, environs to checkmate hoodlums’ assault on residents

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Nine die in Jigawa auto crash

    Olugbon felicitates Muslims on Eid al-Adha

    Sallah celebration: Makinde advocates six-year single term for president, governors

    Eid-el-Kabir: Makinde felicitates Muslims, calls for increased prayers

    Gunmen kill two MOPOL officers, abduct Chinese national, Nigerian in Kwara

    Makinde appoints new TESCOM Board chairperson, members

    Lagos CP deploys operatives to Mushin, environs to checkmate hoodlums’ assault on residents

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
TheNewsBearer
No Result
View All Result
Home Featured

Bureau de change operator, two others jailed for fraud by Kwara courts

The News Bearer by The News Bearer
October 15, 2024
in Featured, Metro
Reading Time: 2 mins read
0 0
0
Share on WhatsappShare on FacebookShare on Twitter

Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin, Kwara State, has sentenced one Yakubu Aminu to 200 hours community service for carrying out bureau de change businesses without a valid licence.

Similarly, a Kwara State High Court, presided over by Justice Hammed Gegele, also jailed the duo of Abdulalahi Abdulrasaq Omotosho and Akeem Ibrahim Salaudeen  for involvement  in internet fraud-related crime.

The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) had on Wednesday, October 9, 2024 arraigned the trio before the courts on separate charges.

The charge against Yakubu read: “That you, Yakubu Aminu sometime in July 2024, at Chikanda Market, Yashikira District, Baruten Local Government Area, Kwara State, within the jurisdiction of this Honourable Court did carry on, other financial business, to wit: Bureau De Change Business without a valid licence issued by the Central Bank of Nigeria contrary to Section 15 (5) of the Banks and other Financial Institutions Act, 2020 and punishable under Section 57 (5) (B) of the same Act.”

The charge against Akeem read: “That you, Akeem Ibrahim Salaudeen between 3rd December 2018  and 8th November 2024, in Ilorin, Kwara State within the jurisdiction of this Honourable Court, did knowingly had under your control  the sum of N4,069, 000.00 (Four Million, Sixty Nine Thousand Naira Only) in your bank account number 2104916025  with the name Akeem Ibrahim  Salaudeen with the United Bank of Africa Plc which you knew to be proceeds of criminal conduct and thereby committed an offence contrary to  and punishable under Section 319 (a) of the Penal Code Laws of Northern Nigeria.”

The defendants pleaded guilty when the charges were read to them.

The court thereafter convicted and sentenced them to various jail terms relying on the credibility of the cases presented before it and the unchallenged evidence of the prosecution.

 

Sentencing Aminu to 200 hours community service without an option of fine, Justice Awogboro also ordered that the sum of 50,000CFA and N368,500 recovered from him at the point of arrest be forfeited to the Federal Government.

Justice Gegele on his part sentenced the duo of Akeem and Abdullahi to six months imprisonment each with an option of N150,000 as fine.

The sum of N4,069 million recovered from Akeem alongside his iPhone 11 and $600 recovered from Abdulahi together with iPhone 11 pro max, being proceeds of their crimes, were forfeited to the federal government.

Tags: convictsEconomic and Financial Crimes CommissionEFCCFederal High Court IlorinJustice Abimbola Awogboro
SendShareTweet
The News Bearer

The News Bearer

Related Posts

Featured

Nine die in Jigawa auto crash

June 7, 2025
Metro

Gunmen kill two MOPOL officers, abduct Chinese national, Nigerian in Kwara

June 5, 2025
Metro

Lagos CP deploys operatives to Mushin, environs to checkmate hoodlums’ assault on residents

June 4, 2025
Metro

Delta CP orders investigation into man’s alleged brutality by police

June 3, 2025
Metro

Benue CP relocates Area Commander to Apa, directs tactical teams to Naka over attacks on communities

June 2, 2025
Metro

Anambra police arrest suspected MASSOB member with ID card

May 28, 2025
Load More

Recommended

N4.8billion worth of opioids recovered as NDLEA raids drug warehouse in Lagos

2 years ago

FAN to Buhari: ‘Rescue Nigeria’s forest estate from kidnappers, terrorists’

3 years ago

Don't Miss

Nine die in Jigawa auto crash

June 7, 2025

Olugbon felicitates Muslims on Eid al-Adha

June 7, 2025

Sallah celebration: Makinde advocates six-year single term for president, governors

June 6, 2025

Eid-el-Kabir: Makinde felicitates Muslims, calls for increased prayers

June 5, 2025
TheNewsBearer

Stay informed with Breaking News Online in Nigeria on The News Bearer. Get real-time updates and analysis of national, international events.

Follow us

Recent News

Nine die in Jigawa auto crash

June 7, 2025

Olugbon felicitates Muslims on Eid al-Adha

June 7, 2025

Categories

  • Business
  • Celebrities
  • Crime
  • Education
  • Featured
  • Features
  • Health
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Personal Development
  • Politics
  • Sports
  • Uncategorized

Tags

Adamawa State Police Command Anambra State Police Command Bishop Francis Wale Oke Cancer condolence message courtesy visit Delta State Police Command Diabetes Diet Tips DIG Hashimu Argungu Dr Festus Adedayo Dr Sulaimon Olanrewaju Economic and Financial Crimes Commission Fidelity Bank Fidelity Bank Plc Governor Seyi Makinde Health Symptoms IGP Kayode Egbetokun Inspector General of Police Kwara State Police Command Lagos State Police Command Lagos State Taskforce Men's Health murder Nigeria Police Force Ogun State Police Command OlaOluwa Mimiola Olubadan of Ibadanland opinion article Oyo State Government Oyo State Governor Peoples Democratic Party Polaris Bank Police Public Relations Officer Police Service Commission PPRO Pregnancy President Bola Ahmed Tinubu Skin Care Sulaiman Aledeh Sulaimon Olanrewaju Taskforce Chairman Adetayo Akerele Thenewsbearer University of Ibadan Women's Health
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
  • Lifestyle

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.