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…Fraudster and Company Sentenced for Illegal Activities, Face Fines and Forfeitures
In a decisive move against cybercrime and financial malpractice, the Kaduna State High Court has delivered verdicts in two significant cases involving internet fraud and money laundering. The court proceedings, presided over by Justice Darius Khobo and Justice Hawau Buhari respectively, concluded with convictions and sentences.
Internet Fraud Conviction:
John Yakubu, found guilty of internet fraud, received a three-year jail term or a fine of ₦150,000 after pleading guilty to the charge brought against him by the Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC). Yakubu, arrested at Goni Gora, Kaduna State, assumed the false identity of Frederick Hansen, a Swedish medical doctor, on Facebook to deceive unsuspecting victims. He illicitly gained $750 from this fraudulent activity. Additionally, Yakubu forfeited an iPhone 12 Pro Max and a Polystar Smart Television ’50’ inches to the Federal Government of Nigeria as part of his punishment.
Money Laundering Verdict:
Classiel Integrated Motors Limited, facing charges of money laundering for failure to report transactions to the Special Control Unit Against Money Laundering (SCUML), was convicted and fined ₦250,000 by Justice Hawau Buhari. The company admitted guilt for not reporting a ₦5,500,000 lodgment, which exceeded the ₦5,000,000 threshold mandated by law. Despite SCUML’s onsite inspections and regulatory guidance, the company neglected its statutory obligations, including proper Know Your Customer (KYC) protocols during transactions.
These verdicts underscore the judiciary’s commitment to combating cybercrime and financial impropriety in Kaduna State. The convictions send a strong message of deterrence to potential offenders, emphasizing the consequences of engaging in illegal activities such as internet fraud and money laundering.