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Anti-corruption and elections / EFCC

Port Harcourt Court Jails One for Currency Racketeering

The Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Thursday, March 21, 2024 secured the conviction and sentencing of Azubuike Mamwu Obasi before Justice P. I. Ajoku of the Federal High Court sitting in Port Harcourt, Rivers State for currency racketeering. Obasi was jailed after pleading guilty to a four-count charge bordering on illegal acquisition of bank notes and carrying out banking services without an appropriate licence. One of the charges reads: "That you, Azubuike Manwu Obasi, on or about the 15th day of February, 2024, at Port Harcourt, within t…

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