Man Forfeits $310,500 To FG For Not Able To defend It


A traveler named Efosa Eriamtoe has being asked to forfeit the sum of $310,500 to the federal Government for failing to defend his $310,500 to the authorities at the Murtala Muhammed International Airport, Lagos.

 The convict was arrested by officers of the Nigerian Custom Service at the airport on his way from South  Africa on January 25th, 2015 for failure to declare the money found on him.
 He was later arraigned on April 23, 2015 by the Economic and Financial Crimes Commission (EFCC) one count bordering on money laundering, an offence punishable under section 2 (5) of the money laundering (prohibition) Act, 2011 (as amended by Act No. 1 of 2012).
“The accused is a frequent international traveler who knows the rules guiding money laundering. But he is inconsistent in his evidence.

“I am satisfied that the prosecutor has been able to prove its case beyond reasonable doubt. The accused is hereby convicted and should forfeit the sum of $310,500 to the Federal Government of Nigeria.” Justice Seida said.