A Federal High Court sitting in Ibadan, Oyo State, has convicted one Raphael Davies of money laundering.
Justice Joyce Abdulmalik sentenced Davies to 24 years’ imprisonment on Monday.
The convict was arraigned by the Economic and Financial Crimes Commission, Ibadan zonal office, on eight counts bordering on money laundering.
He had pleaded not guilty to the charges.
While presenting his argument, the prosecution counsel, Simon Ibekwute, prayed the court to convict and sentence Davies accordingly.
The judge held that the EFCC had convinced the court beyond reasonable doubt and pronounced Davies guilty as charged.
Justice Abdulmalik, therefore, sentenced him to 36 months’ imprisonment on each of the eight counts. His prison terms will run concurrently and take effect from the date of his first arraignment, February 19, 2018.
Davies’ arraignment was sequel to an anonymous petition alleging that he serially used fictitious addresses and fake PayPal accounts to purchase items online, with the intention of defrauding unsuspecting members of the public.
The commission’s investigation into the allegations led to the convict’s arrest and prosecution.