Money laundering: Chinese National forfeits $300,000 to Nigerian Govt. - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Monday, 11 May 2020

Money laundering: Chinese National forfeits $300,000 to Nigerian Govt.

Money laundering: Chinese National forfeits $300,000 to Nigerian Govt.

Justice Babatunde Quadri of the Federal High Court, Abuja, on Monday, ordered the final forfeiture of $300,000, belonging to a Chinese national, Li Yan Pin, to the Federal Government of Nigeria.

The judge had earlier ordered the interim forfeiture of the money following an exparte application filed by the Economic and Financial Crimes Commission, EFCC.

Yan Pin stood trial for a money laundering charge, leveled against him by the EFCC over the said sum.

Intelligence led to his arrest at the Nnamdi Azikiwe International Airport, Abuja, for failing to declare the sum in his possession, as he attempted to board a flight to China en-route Dubai.

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