Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Insurance Stocks Drive NGX Trading Volume, Turnover Drops

    August 22, 2026

    Tanzania’s Credit Outlook Revises to Positive on Macroeconomic Progress

    August 22, 2026

    SK Hynix Tokenised bStocks Up on Pro-Crypto Regulatory Signals

    August 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Insurance Stocks Drive NGX Trading Volume, Turnover Drops
    • Tanzania’s Credit Outlook Revises to Positive on Macroeconomic Progress
    • SK Hynix Tokenised bStocks Up on Pro-Crypto Regulatory Signals
    • XRP Hits $1.50 on Confluence of Positive News for Ripple
    • ZEC Soars 25% as Grayscale Moves to Launch Zcash ETF
    • NVDAB Price Drops Ahead of NVIDIA Q2 Earnings
    • Bitcoin Tops $77k as Morgan Stanley Boosts Holdings
    • Crude Oil Prices Decline Amidst Supply Risk Concern
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, August 22
    • 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

    Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs

    Investors Lose N443bn as Stock Market Downturn Enters 9Days

    About 40 vehicle assembly plants now operational in Nigeria – NADDC

    Why Some Investors Are Choosing Infrastructure Funds Over FGN Bonds

    Reforms Saved Nigeria From Economic Crisis- Oyedele

    China’s Imports From Nigeria Rose by $2.3bn in 6 Months — Envoy

    Add A Comment

    Comments are closed.

    Editors Picks

    Insurance Stocks Drive NGX Trading Volume, Turnover Drops

    August 22, 2026

    Tanzania’s Credit Outlook Revises to Positive on Macroeconomic Progress

    August 22, 2026

    SK Hynix Tokenised bStocks Up on Pro-Crypto Regulatory Signals

    August 22, 2026

    XRP Hits $1.50 on Confluence of Positive News for Ripple

    August 22, 2026

    ZEC Soars 25% as Grayscale Moves to Launch Zcash ETF

    August 22, 2026
    Latest Posts

    Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs

    August 21, 2026

    Investors Lose N443bn as Stock Market Downturn Enters 9Days

    August 21, 2026

    About 40 vehicle assembly plants now operational in Nigeria – NADDC

    August 20, 2026

    Why Some Investors Are Choosing Infrastructure Funds Over FGN Bonds

    August 20, 2026

    Reforms Saved Nigeria From Economic Crisis- Oyedele

    August 19, 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.