Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    South African Rand Surges as US Dollar, Oil Prices Slip

    July 2, 2026

    Verified AI Gold EA Performance: What Independent Testing Reveals About XAUUSD Automation in Live Market Conditions

    July 2, 2026

    Wall Street Rallies, European Stocks Slip as US Inflation Risks Ease

    July 2, 2026
    Facebook X (Twitter) Instagram
    Trending
    • South African Rand Surges as US Dollar, Oil Prices Slip
    • Verified AI Gold EA Performance: What Independent Testing Reveals About XAUUSD Automation in Live Market Conditions
    • Wall Street Rallies, European Stocks Slip as US Inflation Risks Ease
    • Oil Prices Slip to $70 as US, Iran Negotiations Advance
    • CBN Withdraws Licences of 46 Microfinance Banks
    • Risk-off Sentiment Drives Nigerian Bonds Yield Higher
    • NASCON, Unilever Join NGX 30 Index as Oando, Transcorp Exit
    • Ethiopia Unlocks Access to $484 Million IMF Loan
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, July 2
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Fraud » Ex-Minister Sarah Ochekpe Convicted for N450 mln Fraud

    Ex-Minister Sarah Ochekpe Convicted for N450 mln Fraud

    Marketforces AfricaBy Marketforces AfricaFebruary 22, 2022Updated:February 22, 2022 Fraud No Comments2 Mins Read
    Ex-Minister Sarah Ochekpe Convicted for N450 mln Fraud
    Sarah Ochekpe, former Minister of Water Resources
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Ex-Minister Sarah Ochekpe Convicted for N450 mln Fraud

    A Federal High Court in Jos on Tuesday sentenced former Minister of Water Resources, Sarah Ochekpe and two others for N450 million fraud. The court also sentenced Raymond Dabo and  Leo Jitung to three months imprisonment each. The Economic and Financial Crimes Commission (EFCC) charged them in 2018 with conspiracy and money laundering.

    Delivering the ruling, Justice Musa Kurna, gave the convicts an option to pay a fine of N1 million each. Ochekpe, Dabo and Jitung had entered a plea of no-case submission.

    While sentencing the convicts, the judge held that after withdrawing the said amount from the bank, they did not withhold the money to themselves but delivered the same to a governorship candidate, as such were not guilty of retaining the sum for themselves.

    Kurna however said they were guilty of withdrawing the N450 million which he said was above the threshold of an individual withdrawal.

    He said, the offence, which contravened the provisions of Section 16(1) of the Money Laundering Prohibition Act 2013 as amended, an offence that carries a minimum of three years imprisonment or a N10 million fine.

    The judge, however, in his discretion sentenced them to three months imprisonment each or an option N1 million naira each. # Ex-Minister Sarah Ochekpe Convicted for N450 mln Fraud

    Read: Money Laundering: Court Jails Ex-Pension Boss Abdulrasheed Maina

    FGN Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    FTSE Russell Suspends Nigeria’s Frontier Market Upgrade

    Nigerian Government Raises N19trn from T-Bills, Bonds in 6 Months

    Airtel, FCMB Boost NGX Indicators, Investors Gain N653bn

    Nigeria Approves $2.96bn, €200m, N215bn to Boost Economy

    Nigeria Targets $750 Billion in Untapped Minerals With New EMERGE Programme

    S&P Cuts Nigeria’s Growth Projection, Raises Inflation Expectation

    Add A Comment

    Comments are closed.

    Editors Picks

    South African Rand Surges as US Dollar, Oil Prices Slip

    July 2, 2026

    Verified AI Gold EA Performance: What Independent Testing Reveals About XAUUSD Automation in Live Market Conditions

    July 2, 2026

    Wall Street Rallies, European Stocks Slip as US Inflation Risks Ease

    July 2, 2026

    Oil Prices Slip to $70 as US, Iran Negotiations Advance

    July 2, 2026

    CBN Withdraws Licences of 46 Microfinance Banks

    July 2, 2026
    Latest Posts

    FTSE Russell Suspends Nigeria’s Frontier Market Upgrade

    July 1, 2026

    Nigerian Government Raises N19trn from T-Bills, Bonds in 6 Months

    July 1, 2026

    Airtel, FCMB Boost NGX Indicators, Investors Gain N653bn

    June 30, 2026

    Nigeria Approves $2.96bn, €200m, N215bn to Boost Economy

    June 30, 2026

    Nigeria Targets $750 Billion in Untapped Minerals With New EMERGE Programme

    June 25, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.