Money laundering: Chinese National forfeits $300,000 to Nigerian Govt.

May 11, 2020
106 Views

<!– Li Yan Pin –>

Li Yan Pin

Justice Babatunde Quadri of the Federal High Court, Abuja, on Monday,  ordered the final forfeiture of $300,000, belonging to a Chinese national, Li Yan Pin, to the Federal Government of Nigeria.

The judge had earlier ordered the interim forfeiture of the money following an exparte application filed by the Economic and Financial Crimes Commission, EFCC.

Yan Pin stood trial for a money laundering charge, leveled against him by the EFCC over the said sum.

Intelligence led to his arrest at the Nnamdi Azikiwe International Airport, Abuja, for failing to declare the sum in his possession, as he attempted to board a flight to China en-route Dubai.

You may be interested

PHOTOS: Nigerian Army Releases Pictures of Rescued Kuriga School Children
Crime
Crime

PHOTOS: Nigerian Army Releases Pictures of Rescued Kuriga School Children

Webby - March 24, 2024

The abducted students of LEA Primary school in Kuriga, Chikun Local Government Area of Kaduna state have regained their freedom…

Adopt New Strategies – Shehu Sani Reacts To The Rescue Of Kidnapped 287 Kuriga Students
News
5 views
News
5 views

Adopt New Strategies – Shehu Sani Reacts To The Rescue Of Kidnapped 287 Kuriga Students

Webby - March 24, 2024

Shehu Sani, the former Senator representing Kaduna Central, has advocated for the implementation of new strategies aimed at preventing the…

What Difference Does It Make? Actor, Uti Nwachukwu Speaks On The Ethnic Issue In Nollywood
News
5 views
News
5 views

What Difference Does It Make? Actor, Uti Nwachukwu Speaks On The Ethnic Issue In Nollywood

Webby - March 24, 2024

The Jara show host noted that being alive to see the tremendous growth that the Nigerian movie industry has witnessed…

Leave a Comment

Your email address will not be published.