Banker bags 12 years jail term over N8bn Scam
CASE NUMBER 10960:
Banker bags 12 years jail term over N8bn Scam

Alleged Perpetrators(s)
Ademola Oni

Location (Town / State)
Ibadan, Osun

Date of Event
07 Oct 2016

Date of republication
07 October every year


Case category (Choose all that apply)
fraud

Case Summary
Ademola Oni, a former banker with Wema Bank Nigeria Plc, was found guilty and sentenced to 12 years in prison for conspiracy and money laundering by Justice Joyce Abdulmalik of the Federal High Court in Ibadan, Oyo State.

Full story
Central Bank of Nigeria, CBN, and 15 others from various commercial banks by the Economic and Financial Crimes Commission, EFCC. The bankers allegedly conspired to steal and conceal N8 billion in mutilated and defaced naira notes from the Central Bank of Nigeria.
Mr. Oni, the case's fourth defendant, entered into a plea bargain agreement with the EFCC.
Mr. Ademola pleaded guilty to five of the 24 amended count charges brought against him. In his ruling, Justice Joyce Abudmalik convicted Mr. Oni, and sentenced him to 12 years imprisonment for conspiracy and money laundering.
Photo credit: https://punchng.com/money-laundering-banker-gets-12-year-jail-term-forfeits-n43m/

External links/URLs
https://punchng.com/money-laundering-banker-gets-12-year-jail-term-forfeits-n43m/
https://www.premiumtimesng.com/news/headlines/212258-n8-billion-currency-scam-former-nigerian-banker-jailed-12-years.html



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