News
Five Sokoto Car Dealers Bag 25 Years Jail Term For Violating SCUML Regulations
Five Sokoto car dealers bag twenty-five (25) years jail term for violating SCUML regulations.
The car dealers were convicted on Thursday, June 30, 2022 after pleading guilty to separate one –count charges.
Based on their pleas, EFCC Counsel, S.H Sa’ad, prayed the court to convict and sentence them accordingly.
In his judgment, Justice Omotosho sentenced them to five years imprisonment each, with an option of fine of N125,000.00 each.
EFCC had on March arraigned the car dealers before Justice James Kolawole Omotosho of the Federal High Court, Sokoto.
Justice J.K Omotosho of the Federal High Court, Sokoto has convicted and sentenced five car dealers in Sokoto for flouting provisions of the Money Laundering Prohibition Act, 2011 as regards the rendition of reports to the Special Control Unit against Money Laundering (SCUML).
The car dealers were convicted on Thursday, June 30, 2022 after pleading guilty to separate one –count charges upon their arraignment by the Sokoto Zonal Command of the of the Economic and Financial Crimes Commission.
The convicts are Shehu Ahmad (Ijabah Motors), Shehu Maria (Jangwarzo General Motors), Aliyu Dauda (KGN Gumbi Motors), Tukur Shehu (Daraja Motors 2) and Umaru Yabo (Gamji Motors).
Based on their pleas, Economic and Financial Crimes Commission (EFCC) Counsel, S.H Sa’ad, prayed the court to convict and sentence them accordingly.
In his judgment, Justice Omotosho convicted the five car dealers and sentenced them to five years imprisonment each, with an option of fine of N125,000.00 each. The Judge further ordered them to comply with SCUML regulations henceforth.
The Special Control Unit Against Money Laundering of the Sokoto Command of EFCC had on March 16, 2022 arraigned the five car dealers and their companies for the contravention of provisions of the Money Laundering (Prohibition) Act, 2011 (as amended) in 2012.
According to reports, the accused allegedly failed to submit declarations of activities in line with extant regulations on customer identification and rendition of returns on transactions to the Special Control Unit Against Money Laundering (SCUML).
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