bohlah at 8-08-2026 07:06 AM (2 days ago) (m)A Federal High Court sitting in Ikoyi, Lagos, has convicted and sentenced four individuals for their roles in a money laundering scheme involving $5,296,691. A Federal High Court sitting in Ikoyi, Lagos, has convicted and sentenced four individuals for their roles in a money laundering scheme involving $5,296,691. The convicts; Bamidele Ayodele Emmanuel, Abdullah Oriyomi Yusuf, Garuba Fathiat Funmilayo, and Gbenro Victor Ademola, were separately arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on two-count charges bordering on money laundering, contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022. Buhari further stated that corporate bank accounts opened in the names of the companies received millions of dollars in January 2025 as part of the alleged money laundering scheme. Abdullah Oriyomi Yusuf was sentenced to four months in prison, three months of community service, and ordered to forfeit N800,000 to the Federal Government.