Court convicts Yisa Olanrewaju for money laundery

A Federal High Court sitting in Lagos, on Wednesday has sentenced an official of the Independent National Electoral Commission (INEC), Yisa Olarenwaju, charged with obtaining proceeds of
unlawfal.
 In the sentencing, Justice Mohammed Idris sentenced the INEC official obtaining proceeds of unlawfalal based on a plea bargain agreement he reached with the Economic and Financial Crimes Commission (EFCC).

   The court adopted the plea bargain agreement as the judgment of the court. The plea bargain agreement stated that; ”Upon the conviction of the second defendant, he should forfeit to the Federal Government of Nigeria all the parcel of land and its appurtenances which was acquired with the sum of N23 million, the proceed of the second defendant’s unlawful acts.

  “That a fine of N10 million be imposed on the second defendant, upon his conviction based on count four of the amended charge. ”
  That in paying the fine of the sum of N10 million, the second defendant shall raise a draft of N5 million in addition to the sum of N5 million already recovered from him.
 He shall within seven days after the payment of the fine imposed by the court, enter into a bond with the EFCC, never to be involved in economic and financial crimes within and outside the shores of Nigeria”.