• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

  • Fact-Check
  • Economy
    • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      NAHCON

      Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

      NUPENG

      NUPENG Suspends Strike After Truce With FG, Labour, Oil Stakeholders

      Customs, Defence Bureau Unveil Airboat for Smuggling War

  • National
    • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel…

      Nnamdi Kanu of IPOB arrested by Nigerian security services

      Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

      Troops Repel Bandit Ambush in Katsina as Four Farmers Abducted in…

      Military Troops during operations

      Troops Recover Arms in Plateau, Intercept Drug-Laden Vehicle in Taraba

      Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

    • Government
      • Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

        Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

        Nnamdi Kanu of IPOB arrested by Nigerian security services

        Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

        Doctors

        Resident Doctors Commences Indefinite Strike in FCT

        Diplomacy and Digital Innovation – Youth Insight

        Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook…

        NAHCON

        Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu…

  • Security
    • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

      SP Abimbola Adebisi

      IGP Appoints SP Adebisi as Lagos Police PRO

      Nnamdi Kanu of IPOB arrested by Nigerian security services

      Court Rejects Nnamdi Kanu’s Request for Transfer to National Hospital

      Troops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi,…

      Troops Repel Bandit Ambush in Katsina as Four Farmers Abducted in…

  • Features
    • Healing Nigeria: A Chronicle of Health Reforms

      Book Review: Is This the Cure? A Look into Healing Nigeria…

      Diplomacy and Digital Innovation – Youth Insight

      Book Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook…

      Renewed Hope in Central Banking

      Book Review: Renewed Hope in Central Banking – A Blueprint for…

      Charlie Kirk

      Who Really Killed Charlie Kirk? By Femi Fani-Kayode

      Officers of NSCDC Mining Marshals

      Mining Marshals and the Fight for Nigeria’s Mineral Future By Zekeri…

  • State
    • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno

      Commissioner of Police, CP Ibrahim Adamu Bakori, and Chief Medical Director of AKTH, Prof. A. Abba Sheshe, and the Managing Director/Chief Executive Officer of KEDCO, Dr. Abubakar Shuaibu Jimeta

      Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

      SP Abimbola Adebisi

      IGP Appoints SP Adebisi as Lagos Police PRO

      Abubakar Tafawa Balewa University (ATBU) Bauchi

      Bauchi Forum Condemns ATBU’s Plan to Close Faculties

      Doctors

      Resident Doctors Commences Indefinite Strike in FCT

  • Event
    • Prof. Abubakar Mu’azu

      UNIMAID appoints Prof. Mu’azu as Pioneer Dean, Faculty of Communication

      NIPR President Ike Neliaku

      NIPR Inducts 422 New Members, Urges Commitment to National Unity

      Baze University Management visits TETFUND, Showcases Tech-Driven Growth, National Impact

      PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates,…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption Two Illegal Gold Dealers Forfeit N39m, Property
  • Anti-Corruption

Two Illegal Gold Dealers Forfeit N39m, Property

By
Tony Orilade
-
May 14, 2019
EFCC
EFCC

Two Illegal Gold Dealers Forfeit N39m, Property

The Economic and Financial Crimes Commission, EFCC, on Tuesday, May 14, 2019, secured the conviction of two illegal gold dealers, Bukar Mandara Zarami, Managing Director, Bukar Mandara Zarami Limited, and Kar Nap Fenan Wuyep before Justice Muslim S. Hassan of the Federal High Court sitting in Ikoyi, Lagos.

The convicts alongside a company, Bukar Mandara Zarami Limited, were re-arraigned today on an amended two -count charge bordering on possession of 35.58 kilogrammes of Gold Bars wrapped in six bags without appropriate permit.

Count one reads: “That you, Bukar Mandara Zarami, on or about the 9th day of November, 2018 in Nigeria, within the jurisdiction of this Honourable Court, dealt in 35.58 kilogrammes of gold bars wrapped in six bags without appropriate permit; and you, therefore, committed an offence contrary to and punishable under Section 134(c) of the Nigerian Mineral and Mining Act, 2007.”

“Count two reads: “That you, “Kar Nap Fenan Wuyep, on or about the 22nd day of May, 2018 in Nigeria, within the jurisdiction of this Honourable Court , without going through any financial institution, accepted cash payment of the sum of $19,440(Nineteen Thousand , Four Hundred and Forty United States Dollars), from one Bakkkuk Steven Goyol, which sum exceeded the amount authorized by the Law; and, you hereby committed an offence contrary to Section 1)(a), Section 16(1) (d) of the Money Laundering Prohibition Act 2011 as Amended and punishable under Section 16(2)(b) of the same Act.”

The defendants pleaded guilty to the charge preferred against them.

In view of their plea, the prosecution counsel, Rotimi Oyedepo, sought the leave of the court to review the facts of the case.

Oyedepo informed the court that the first defendant, Zarami, was arrested at the Murtala Mohammed International Airport, Ikeja, Lagos on November 11, 2018 with 35.58 kilogrammes of Gold Bars wrapped in six bags.

He further stated that “He was brought to the Lagos Zonal office of the Economic and Financial Crimes Commission, EFCC, where the gold bars were measured and counted in the presence of the first defendant, his counsel, a representative from the Ministry of Mines and Steel. All parties present signed the measurements document.”

The prosecution sought to tender in evidence the signed measurement document and the first defendant’s boarding pass.

Both the document and the boarding pass of the first defendant were admitted in evidence as exhibits P1 and P2.

The prosecution counsel further told the court that investigations revealed that the first and second defendants did not have the appropriate permit to possess or deal in 35.58kg of gold.

Read Also:

  • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno
  • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End
  • Power Outage: Police Broker Peace Between AKTH, DisCos in Kano

Oyedepo also told the court that, though the first defendant, in his statement to the EFCC, stated that he gave an official of the Ministry, Steven Bakkuk, about N3, 000,000 (Three Million Naira) as royalty, investigation showed that the actual amount he was supposed to pay as royalty was N6, 772, 64,16k (Six Million, Seven Hundred and Seventy -two Thousand, Sixty- four Naira, Sixteen Kobo).

Oyedepo said: “This shows clearly that there was no appropriate permit for that quantity of Gold Bars.

“Investigation further revealed that instead of the official from the Ministry, who received the money from the first defendant, to put the funds in the treasury, he transferred the sum of N700,000.00 (Seven Hundred Thousand Naira) to the third defendant, who is a Director in the Ministry of Mines and Steel.

“This led to further investigation into the account of Bakkuk, whose account was used for transfers of unlawful enrichment.

“It was discovered that about N28m in tranches was sent to the third defendant.

“On May 22, 2018, the sum of $19,440 (Nineteen Thousand, Four Hundred and Forty United States Dollars) in cash was given to the third defendant, which is in excess of the amount authorized by Law to be received in cash and it constitutes an offence against Money Laundering Act 2011.”

The prosecution sought to tender the statement of account of Bakkuk in United Bank for Africa, UBA, and the statements of both the first and third defendants.

The documents were admitted in evidence as exhibits P3, P4 and P5, respectively.

The prosecution counsel also informed the court that the defendants had entered a plea bargain with the prosecution, saying, “The first defendant has issued a cheque of N3, 000,000 (Three Million Naira) in favour of the Federal Government as one of the terms agreed upon in the plea bargain.

“The first defendant, as part of the plea bargain, also agreed to forfeit the undeclared 5.5 kilogrammes of Gold Bars to the Federal Government.

“It was also agreed that the EFCC, in conjunction with the Deputy Chief Registrar of this Honorable Court, would facilitate the sale of the forfeited Gold Bars and the proceeds will be remitted into the Consolidated Revenue Funds Account of the Federal Government of Nigeria.”

“Third defendant, in the plea bargain, agreed to pay a fine of N10, 000,000.00 (Ten Million Naira) and forfeit the recovered Access Bank drafts to the tune of N36, 000, 00 (Thirty-six Million Naira).

In view of their guilty plea, the prosecution counsel, Oyedepo, urged the court to convict the defendants on the amended charge and prayed the court to sentence them to the terms agreed in the plea bargain.

Justice Hassan, while considering the terms of the plea bargain, convicted the defendants and further held that “the plea bargain is made the judgment of the court.”

Tony Orilade
Ag. Head, Media & Publicity

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • efcc
  • Illegal Gold Dealers
Previous articleBritain Trains Nigeria Military, Paramilitary Officers on Joint Campaign
Next articlePolice Nab ATM Swap Syndicate, Robbery Suspects, Drug Dealers in Abuja
Tony Orilade
Tony Orilade
http://www.PRNigeria.com

RELATED ARTICLESMORE FROM AUTHOR

NAHCON

Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu Administration

Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

FG Reaffirms Non-Interference in ICPC, EFCC Operations

ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

Engr Abba Babagana Dalori

Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences Kano Make-Up Artist for Naira Abuse

PRNigeria logo fearured image

EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

EFCC, CCC and the Battle Against Corruption in Nigeria, By Mukhtar Ya’u Madobi

Ola Olukoyede, EFCC Chairman

EFCC’s Anti-Corruption War: Between Media Trial and Intelligence-Driven Operations

Olayiwola Oguntade

Court Sentences Ex JAMB Staff for N10m Fraud in Ibadan

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in Borno
  • Dangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues End
  • Power Outage: Police Broker Peace Between AKTH, DisCos in Kano
  • IGP Appoints SP Adebisi as Lagos Police PRO
  • Bauchi Forum Condemns ATBU’s Plan to Close Faculties
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Troops Eliminate 2 ISWAP Senior Commanders, Other Terrorists in BornoDangote Refinery Deploys 4,000 CNG Trucks, Promises 24,000 Jobs as Fuel Queues EndPower Outage: Police Broker Peace Between AKTH, DisCos in KanoIGP Appoints SP Adebisi as Lagos Police PROBauchi Forum Condemns ATBU's Plan to Close FacultiesCourt Rejects Nnamdi Kanu’s Request for Transfer to National HospitalResident Doctors Commences Indefinite Strike in FCTTroops Foil Multiple Terrorist Attacks, Rescue Kidnap Victims in Zamfara, Kebbi, KatsinaTroops Repel Bandit Ambush in Katsina as Four Farmers Abducted in ZamfaraTroops Recover Arms in Plateau, Intercept Drug-Laden Vehicle in TarabaBook Review: Is This the Cure? A Look into Healing Nigeria By Hanniel NobohBook Review: Reshaping Diplomacy Through Digital Innovation – A Gen-Z Outlook By Bilkisu Ahmed ShekarauBook Review: Renewed Hope in Central Banking – A Blueprint for Nigeria’s Economic Future By Khadijah Lawan MuhammadRenewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu AdministrationSHAKE-UP: FRSC Redeploys Senior Officers to Bolster Operations Nationwide
X whatsapp