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Lagos: Court jails man over $5,000 money laundering

by Present Nigeria
July 3, 2025
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Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, has sentenced a man, Mbonu Somto, to one year imprisonment for his involvement in a money laundering offence.

The conviction followed Somto’s arraignment on Tuesday, July 1, 2025, on a one-count charge filed by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC.

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The charge involved the laundering of $5,000, Five Thousand United States Dollars.

Further details of the proceedings are expected to be released in due course

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

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