Alleged N650m Money Laundering Court strikes Out Charge Against Akinjide, Two Others channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.
Court convicts Ponzi scheme operator, orders restitution of N110 million
The convict lured victims into a phony gold mining investment that she promised would yield 300 per cent profit within four weeks.
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The Federal High Court in Kano has convicted Maryam Abu Shinga for retaining proceeds of crime.
A statement by the Economic and Financial Crimes Commission (EFCC) on Wednesday stated that the judge, Lewis Allagoa, passed his judgment on the convict on Tuesday.
The statement added that the convict entered a plea bargain agreement with the prosecution that saw the judge sentence her to pay N110, 000,000 in restitution to victims.