Court jails man over $5,000 money laundering conviction in Lagos

Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, has sentenced a man, Mbonu Somto, to one year imprisonment for his involvement in a money laundering offence.

The conviction followed Somto’s arraignment on Tuesday, July 1, 2025, on a one-count charge filed by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC.

The charge involved the laundering of $5,000, Five Thousand United States Dollars.

Further details of the proceedings are expected to be released in due course.

Court jails man over $5,000 money laundering conviction in Lagos