Friday, May 1

Michael Igbinedion Sentenced To 6 Years Imprisonment Over N25bn Scam But Gets An Option Of N3m Fine

Michael Igbinedion, younger brother of former Edo state governor, Lucky Igbinedion was today sentenced to 6 years imprisonment for charges bothering on money laundering. Michael, alongside one Mr. Patrick Eboigbodin, an aide to former Governor Lucky Igbinedion were dragged before a federal high court in Benin city on an 81 count charge bordering on money laundering said to be carried out while Lucky Igbinedion was still governor of Edo state.

Delivering his judgement, Justice A.M Liman sentenced Michael Igbinedion to 6 years imprisonment with an option of fine of N1million for each of the three counts 79, 80 and 81, for which he was convicted. Mr. Eboigbodin was sentenced to 20 years imprisonment without an option of fine.

The accused used four companies, Gava Corporation Limited, Romrig Nigeria Limited, PML Securities Company Limited and PML Nigeria Limited to launder money.

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