Justice Ijeoma Ojukwu of the Federal High Court, Abuja on Tuesday, February 27, 2018 convicted one Moghalu Maduakonam on one-count charge of money laundering preferred against him by EFCC.
Maduakonam, a business man, was arrested sometime in February 2013 by operatives of the EFCC for transporting in cash in the sum of $200k while boarding an Ethiopian Airline from Nigeria to Dubai.
The money is above the threshold of $10,000 allowed by law for an individual. The defendant failed to disclose the said sum to the Nigerian Customs Service, NCS.
Justice Ojukwu, while delivering the judgment, said, “the prosecution had proved its case against the defendant beyond reasonable doubts. I have no difficulty in convicting the defendant on the count preferred against him.”
Consequently, Justice Ojukwu ordered the forfeiture of the money to the FG.