Doyin Okupe Pays N13 Million Fine For Money Laundering
Doyin Okupe Pays N13 Million Fine For Money Laundering
The Labour Party Presidential Campaign Council (PCC) has declared that its troubled Director-General, Doyin Okupe, has paid an N13 million fine following his conviction by a Federal High Court in Abuja on Monday.
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In advance of the party’s rally in the state on Tuesday, the PCC’s media officer, Diran Onifade, made this announcement in Uyo, the state’s capital for Akwa Ibom.
He asserted that because it upholds the law, its agents will promptly abide by court decisions.
Onifade emphasized that the PCC has no influence over Okupe’s decision to appeal the decision because it is a personal one.
Doyin Okupe Pays N13 Million Fine For Money Laundering
On Monday morning, Okupe was found guilty by Justice Ijeoma Ojukwu of receiving more than N200 million in cash from former National Security Advisor (NSA), Sambo Dasuki.
According to the ruling, Okupe, the first defendant in the lawsuit brought by the Economic and Financial Crimes Commission (EFCC), breached the Money Laundering Act with his actions.
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While stating that the Act provides that no individual or organization shall receive any sum above N5 million and N10 million respectively without passing through a financial institution, the judge held that “there is no evidence that the money passed through a financial institution”.
According to Justice Ojukwu, the NSA is not a financial institution, adding that even if the president was said to have authorized the funds, he did not say that the money must be paid in cash in violation of money laundering.
Doyin Okupe Pays N13 Million Fine For Money Laundering
Consequently, the court held that the first defendant, Okupe was guilty in counts 34, 35, 36, and 59.
The Judge, however, found the defendants not guilty in counts 1 to 33 on the grounds that the prosecution failed to establish the charge of money laundering and criminal breach of trust and corruption against the NSA.
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In counts 34 to 59 upon which Okupe was convicted, he was accused of receiving various sums ranging from N10 million on different occasions from 2012 to 2015 when he was SSA to President Goodluck Jonathan.
The court sentenced Okupe to two years imprisonment on count 34 with an option of a fine.
 has declared that its troubled Director-General, Doyin Okupe, has paid an N13 million fine following his conviction by a Federal High Court in Abuja on Monday.){kind=link}