Lagos Court Jails One for Money Laundering, Four Bureau de Change Operators for Illegal Forex Trading

Justice Akintayo Aluko of the Federal High Court, sitting in Ikoyi, Lagos, on Thursday, July 30, 2026, convicted and sentenced one Sunmonu Olasunkanmi Thaoban to four years’ imprisonment for money laundering. Sunmonu was arraigned by the Lagos Zonal Directorate 1 of the EFCC on a two-count charge bordering on money laundering. One of the counts reads: “That you, Sunmonu Thaoban Olasunkanmi, sometime in 2023, in Lagos and within the jurisdiction of this Honourable Court, whilst acting as a middleman, indirectly disguised the origin of the sum of ₦16,000,000 (Sixteen Million Naira), being illici…

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2026-08-01
Type	press-release
Found at	https://www.efcc.gov.ng/news/lagos-court-jails-one-for-money-laundering-four-bureau-de-change-operators-for-illegal-forex-trading
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:14235`

Cite this record

Lagos Court Jails One for Money Laundering, Four Bureau de Change Operators for Illegal Forex Trading. EFCC, 2026. Vero Archive, record efcc:news:14235.