BREAKING: Court Convicts Peter Obi’s Ally, Doyin Okupe, For Money Laundering
A Federal High Court in Abuja has convicted Doyin Okupe, director-general of the Peter Obi Presidential Campaign Council, for money laundering.
The Economic and Financial Crimes Commission (EFCC) had arraigned Okupe in 2019 on a 59-count charge bordering on alleged money laundering and diversion of funds to the tune of N702 million.
He was arraigned before Justice Ijeoma Ojukwu alongside two companies – Value Trust Investment Ltd and Abrahams Telecoms Ltd.
Justice Ijeoma Ojukwu presiding over the case on Monday found Okupe guilty of contravening sections 16(1)&(2) of the Money Laundering Act and accepting cash in excess of the threshold allowed under the Act without going through a financial institution.
Okupe is the Director General of the Presidential Campaign Council of the Labour Party.
The Justice has stood down proceedings till 1:45pm
This is to allow Okupe to exercise his right under Section 310 of the Administration of Criminal Justice Act to call witnesses to testify about his character.
Thereafter, the court will proceed to pronounce its sentence.