EFCC: Car Dealer Sentenced to Five Years in Prison

Osaretin Balogban

Umar Muhammad was sentenced to five years in prison by a Federal High Court in Sokoto for violating the regulations of the Economic and Financial Crimes Commission (EFCC).

The offender was found guilty by the court for failing to present his declaration of activities. This is required by the EFCC for customer identification and elaboration of returns on transactions to the Special Control Unit against Money Laundering (SCUML).

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The defendant pleaded guilty to the charge as the Judge, Justice Ahmed Mahmud noted that the pleas of the offender were considered as it was his first time committing such an offence.

However, the defendant was given an option to relinquish the jail term by paying a fine of N125,000.

The EFCC’s Prosecution Counsel, Mr. Hannafi Sa’ad, says the EFCC is trying its best to enlighten individuals in businesses on SCUML compliance.

Source: Vanguard

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