Home » Africa & World Politics, Headlines » Money laundering: Chinese National forfeits $300,000 to Nigerian Govt

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

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.

-PM News

Short URL: http://newnigerianpolitics.com/?p=55405

Posted by on May 12 2020. Filed under Africa & World Politics, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Why North lost its industries, wealth – Sanusi, others

Headlines

Sanusi speaks on 2023 presidency rumours, future plans

Categories

Obasanjo is ”Nigeria’s Divider-in-Chief” – Presidency

Browse Corruption Politics

Featuring Top 3/189 of Corruption Politics

Browse National Politics

Featuring Top 5/1017 of National Politics

IG: Politicians arming thugs ahead of Edo, Ondo Gov Polls

Browse NNP Columnists

Featuring Top 10/1415 of NNP Columnists

CBN’s Battle to Safeguard the Naira

Advertisements

--

FEATURED VIDEOS

Ndigbo has the highest stake in Nigeria – Uzodimma

ARCHIVES

May 2020
S M T W T F S
« Apr   Jun »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

© 2020 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes