Close Menu
    What's Hot

    Red Star Express Hits 52-Week High, Restructuring Drives Rally

    January 28, 2026

    Dangote Fertilizer Strengthens Governance Ahead of Market Debut

    January 28, 2026

    Geregu Power Names Sean Manley Interim Chief Executive

    January 28, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, January 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - Fraud - Ex-Minister Sarah Ochekpe Convicted for N450 mln Fraud
    Fraud

    Ex-Minister Sarah Ochekpe Convicted for N450 mln Fraud

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

    71 / 100 SEO Score
    FGN Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    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.

    Related Posts

    Business

    NDDC to Fully Automate Procurement Processes by April – MD

    January 27, 2026
    Economy

    Tariff-Free Trade:  Nigeria, UAE Sign Historic Deal

    January 27, 2026
    News

    DMO Raises N1.54trn from Nigerian Bonds Auction, Rates Shift

    January 27, 2026
    News

    Shell CEO Lauds Tinubu for Boosting Nigeria’s Investment Climate

    January 26, 2026
    News

    Equities Market Lost N557bn to Investors Profit-Taking Actions

    January 22, 2026
    News

    EFCC Indicts Banks, Fintechs in N162bn Scams

    January 22, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Red Star Express Hits 52-Week High, Restructuring Drives Rally

    January 28, 2026

    Dangote Fertilizer Strengthens Governance Ahead of Market Debut

    January 28, 2026

    Geregu Power Names Sean Manley Interim Chief Executive

    January 28, 2026

    Naira Gains Market-Wide Amidst Global Dollar Selloffs

    January 28, 2026
    Latest Posts

    NDDC to Fully Automate Procurement Processes by April – MD

    January 27, 2026

    Tariff-Free Trade:  Nigeria, UAE Sign Historic Deal

    January 27, 2026

    DMO Raises N1.54trn from Nigerian Bonds Auction, Rates Shift

    January 27, 2026

    Shell CEO Lauds Tinubu for Boosting Nigeria’s Investment Climate

    January 26, 2026

    Equities Market Lost N557bn to Investors Profit-Taking Actions

    January 22, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Red Star Express Hits 52-Week High, Restructuring Drives Rally

    January 28, 2026

    Dangote Fertilizer Strengthens Governance Ahead of Market Debut

    January 28, 2026

    Geregu Power Names Sean Manley Interim Chief Executive

    January 28, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

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