The Federal High Court in Ibadan has sentenced former staff of Wema Bank, Ademola Oni, to 12 years imprisonment for conspiracy and money laundering.
The court which was presided over by Justice Justice Joyce Abudmalik on Thursday also ordered that the convict forfeits all his properties and cash in various banks as proceeds of crime.
The properties to be forfeited by the convict are an empty plot of land fenced with black gate located along the road beside Secam church, Providence Estate, Sango Eleyele Expressway, Ibadan.
He is also to forfeit a Honda Accord Car, 2014 model and another empty plot of land located at Alao Akala Estate, along Akubu Ojuirin, near Apostolic Church, Ikolaba, Ibadan.
Others are a storey building located at Aminu Olaniran Street, Ikolaba behind the Apostolic church, Ikolaba Assembly, Ikolaba, Ibadan and three acres of land at Okuna Village, Along Akufo Village, by Fumakson filling station, Ido Local Government Area, Ibadan.
An empty plot of land at No. 16 Awolowo Avenue, Old Bodija, Ibadan; a storey building located at No. 16 Awolowo Avenue, Old Badija, Ibadan and a borehole machine are to be forfeited also.
He is also to forfeit several sums in bank accounts, including N43,259, 441.22 in a fixed deposit account with FCMB; N70,614.60 in the name of ‘De-City- Life enterprise with account No. 22749019 also domiciled with FCMB, another N7,189.22 in the name of Oni Iyabo Mary in the same bank and N966,788.81 in the First Bank account of Ezomal Ventures, among others.
Ademola was arraigned alongside six former officials of the CBN and fifteen others from different Commercial banks in an alleged case of conspiracy and money laundering.
The bankers allegedly conspire to steal and conceal mutilated and defaced local currency amounting to N8 billion from the Central Bank of Nigeria.
Ademola, who was the 4th defendant in the case, entered into a plea bargain with the prosecution, and pleaded guilty to an amended charge.
At the resumed hearing on Thursday, 6th, October, the prosecuting counsel, Mr. Adeniyi Adebisi, presented the perfected agreement and an amended charge to the court against him.
Ademola pleaded guilty to five of the 24- count amended charge.
Justice Abudmalik convicted him and sentenced him to two and half years on each of the five counts. The sentences are to run concurrently
The trial of the other defendants continues.