Mutilated currency scam: Banker jailed 10 years, to forfeit property | Nigeria Newspaper- Nigeria News| Naija News

7.10.16

Mutilated currency scam: Banker jailed 10 years, to forfeit property

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Justice Joyce Abdulmalik of the Federal High Court, Ibadan, on Friday sentenced one Ademola Adedapo to 10 years in prison for his involvement in the N8 billion mutilated currency scam.

The judge held that Adedapo was convicted based on a plea bargain agreement he signed with the Economic and Financial Crimes’ Commission (EFCC).
The judge said the court found Adedapo guilty of five- count charge brought against him by the EFCC based on the agreement.
“Adedapo is hereby sentenced to two years in prison for each of the offence of conspiracy and the sentence commences from February 7, 2015,” the News Agency of Nigeria (NAN) quoted the judge as saying on Friday.
“The property mentioned in the plea bargain as stated therein which include; hectares of land, car, building and the over N44 million found in his account, will all be forfeited to the Federal Government of Nigeria.
“His International passport shall be seized until he completes his jail terms and the jail terms are to run concurrently.”

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