Court Orders Forfeiture of $200,000 Concealed by Bizman to FG

Justice Ijeoma Ojukwu of the Federal High Court, Abuja on Tuesday, February 27, 2018 convicted one Moghalu Maduakonam on one-count charge of money laundering preferred against him by the Economic and Financial Crimes Commission, EFCC. Maduakonam, a business man, was arrested sometime in February 2013 by operatives of the EFCC for transporting in cash a sum of $200,000 (Two Hundred Thousand United States Dollars), while attempting to board an Ethiopian Airline from Nigeria to Dubai, United Arab Emirates. The money is above the threshold of $10,000 allowed by law for an individual. The defendant…

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2018-03-01
Type	press-release
Found at	https://www.efcc.gov.ng/news/court-orders-forfeiture-of-200-000-concealed-by-bizman-to-fg
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:5867`

Cite this record

Court Orders Forfeiture of $200,000 Concealed by Bizman to FG. EFCC, 2018. Vero Archive, record efcc:news:5867.