Money Laundering: Court Orders South African Lady To Forfeit $374,355 To FG (Photo)

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Justice C.M.A Olatoregun of the Federal High Court, Lagos on Friday, March 4, 2016, convicted Ngqula Nosisi Pam, a South African for money laundering and bulk cash smuggling. The convict was arraigned by the Economic and Financial Crimes Commission on February 1, 2016 after her arrest at the Murtala Muhammed International Airport.

The convict had earlier pleaded ‘not guilty’ but changed her plea to ‘guilty’ and was consequently convicted by the court. Justice Olatoregun ordered that the convict forfeit the entire sum of $374,355.00 to the Federal Government of Nigeria. The judge also ordered the EFCC to remit the money to the Federal Government Account within 29 days and filed notice of remittance at the court. The Judge admonished the convict to shun illegality in the future.

The one count charge reads: “that you Ngqula Nosisi Pam on or about the 24th of March, 2015 at Murtala Muhammed International Airport within the jurisdiction of the Federal High Court had in possession cash in the sum of Three Hundred and Seventy Four Thousand, Three Hundred and Fifty Five United States of America Dollars ($374,355.00) which you transported from the Republic of South Africa to Lagos; and failed to declare the sum of Three Hundred and Fifty Five United States of America Dollars ($374,355.00) to the officers and men of the Nigeria Customs Service as required under the provisions of section 2(3) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012 and thereby committed an offence punishable under section 2(5) of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012”.

Wilson Uwujaren
Head, Media & Publicity
4th March, 2016

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