Doyin Okupe Pays N13 Million Conviction Fine Instead Of Serving Jail Term …  I Cannot Be Demoralised By The  Conviction, Says Peter Obi

The  conviction of Dr. Doyin Okupe, Director General of the Labour Party Presidential Campaign Council, to two – year jail term  Monday, by  Judge of the Federal High Court, Abuja, Justice Ijeoma Ojukwu, over money laundering charges came to many Nigerians as a big surprise.

However, reports have it that  Dr Doyin Okupe has  taken the option of paying the sum of 13 million Naira instead of serving a two-year term consequent on his Conviction in the 240 million Naira money laundering charge preferred against him by the EFCC.


Recall that Justice Ojukwu gave Dr. Okupe an option to pay N500, 000 fine on each of the 26 counts which run concurrently, bringing the total sum to 13 million Naira.


Okupe was dragged to court by the EFCC for collecting cash from the office of Col. Sambo Dasuki, retired; former national security adviser during the administration of former President Good luck Jonathan. At the time, Okupe served as senior special assistant on public affairs to ex-President Goodluck Jonathan.


The court however found him guilty of contravening sections 16(1) and (2) of the Money Laundering Act by accepting cash payments in excess of the threshold allowed under the Act, without going through a financial institution, adding that National Security Adviser was not a financial institution.


Although the court held that the authorisation did not specify a cash payment, which violated the Money Laundering Act, Okupe, in his plea had argued that the cash was expended on running his office at the time.


Meanwhile, the presidential candidate of the Labour Party, Mr. Peter Obi, has told newsmen in Akwa Ibom on Monday, that Dr. Doyin Okupe’s conviction in a case preferred against him by the Economic and Financial Crimes Commission, EFCC, would not weaken his resolve to be Nigeria’s President.









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