Ademola Oni (pictured), a former banker with the Wema
Bank, has been convicted and sentenced to twelve years
imprisonment for conspiracy and money laundering.
Delivering the judgement, Justice Joyce Abudmalik of the
Federal High Court, sitting in Ibadan, Oyo State, on
Thursday, 6th October, ruled that he forfeits all his
properties and cash in various banks as proceeds of the
crime.
Oni was arraigned by the EFCC alongside six former officials
of the CBN and fifteen others from different Commercial
banks in an alleged case of conspiracy and money
laundering. The bankers allegedly conspired to steal and
conceal mutilated and defaced local currency amounting to
eight billion naira (N8bn) from the Central Bank of Nigeria.
Ademola, who was the 4th defendant in the matter, opted
for a plea bargain agreement with the prosecuting counsel
and pleaded guilty to 5 of the 24 amended count charges
brought against him. Justice Abudmalik convicted him and
sentenced him to two and half years on each of the five
counts accordingly. The sentences are to run concurrently
