The Economic and Financial Crimes Commission has secured the conviction and sentencing of a Nigerian, Augustine Ighodalo, to five years’ imprisonment for criminal offence bordering on retention of proceeds to the tune of $1,049,251.84 before Justice Sherifat Solebo of the Special Offences Court sitting in Ikeja, Lagos.

The convict was arraigned on September 26, 2019, on a three-count charge bordering on “transfer of criminal proceeds to a nominee”, following intelligence received by the commission from the Federal Bureau of Investigation, FBI, a statement by Wilson Uwajren, EFCC’s spokesman, said on Monday in a statement.


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