A middle-aged man identified as Moghalu Maduakonam, has been convicted by Justice Ijeoma Ojukwu of the Federal High Court, Abuja. Maduakonam was convicted on Tuesday, February 27, 2018, on a one-count charge of money laundering preferred against him by EFCC.
The convict, a businessman, was arrested in February 2013 by operatives of the EFCC for transporting $200k in cash while boarding an Ethiopian Airline from Nigeria to Dubai.
The said amount is above the $10,000 allowed by law for an individual.
While delivering the judgment, Justice Ojukwu 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.”
Maduakonam was ordered to forfeit the money to the FG.
