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Okupe pays N13m fine in place of 2-year jail time after conviction over money laundering



Director-General of the Peter Obi Presidential Campaign Council, Doyin Okupe, has paid N13 million as fine for breaching the Money Laundering Act.

Okupe was found guilty of 26 out of a 59-count charge brought against him by the Economic and Financial Crimes Commission (EFCC).

Ijeoma Ojukwu, the presiding judge of an Abuja federal high court, had on Monday, sentenced Okupe to two years imprisonment with the option to pay N500,000 fine on each of the counts — totalling N13 million.

NAN reports that, there was a condition that the fine must be paid before 4:30pm on Monday.

However, checks by NAN at the court on Monday evening showed that Okupe had paid the fine.

The former senior special assistant on public affairs to ex-President Goodluck Jonathan was said to have received cash from the office of the national security adviser (NSA) while Sambo Dasuki, the NSA at the time, was in office.

Ojukwu found Okupe guilty of contravening sections 16(1)&(2) of the Money Laundering Act by accepting cash payments in excess of the threshold allowed under the Act, without going through a financial institution.

The judge said the NSA is not a financial institution and although the former president allegedly authorised the funds, he did not specify a cash payment in violation of the Money Laundering Act.