Anti-corruption and elections / EFCC

Money Laundering : Court Admits Documents Against Chinese National, Ya Ping

Justice Babatunde Quadri of the Federal High Court, Abuja, on Wednesday, March 30, 2018 admitted in evidence documents tendered by the Economic and Financial Crimes Commission, EFCC, against a Chinese national, Li Ya Ping, who is facing trial for allegedly concealing the sum of $300,000 (equivalent of N108million), while attempting to board a flight to Dubai. The offence contravenes Section 2 (3) (5) of the Money Laundering (Prohibition) Act, 2011 (as amended) which states that: “Transportation of cash or negotiable instruments in excess of $10,000 or its equivalent by individuals in or out of…