Posted by Samuel on Wed 02nd Jul, 2025 - tori.ng
Somto was arraigned on Tuesday, July 1, 2025, by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on a one-count charge bordering on money laundering.
Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, has convicted and sentenced Mbonu Somto to one year in prison for money laundering involving the sum of $5,000 (Five Thousand U.S. Dollars).
Somto was arraigned on Tuesday, July 1, 2025, by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on a one-count charge bordering on money laundering.
The charge against him stated that Somto engaged in the illicit movement and concealment of criminal proceeds to the tune of $5,000, in violation of Nigeria’s anti-money laundering laws.
Upon his arraignment, Somto pleaded guilty to the charge. Following his plea, the prosecution reviewed the facts of the case and tendered relevant evidence to support the charge.
Justice Aneke found him guilty and accordingly sentenced him to one year in prison.