A Lagos court has sentenced a man to prison for laundering millions in cryptocurrency, cash, and valuable assets.
The Federal High Court in Lagos has sentenced Emmanuel Aitanu to five years in prison for laundering proceeds of cybercrime.
Justice Dehinde Dipeolu found him guilty on six counts filed by the Economic and Financial Crimes Commission (EFCC). The offences involved laundering money through foreign currency, cryptocurrency, and real estate.
The court ordered the forfeiture of:
1. $42,000
2. A plot of land in Ikota Village, Lagos
3. Mercedes Benz C300 (₦17 million)
4. Toyota Corolla
5. All crypto holdings and traced funds
The EFCC confirmed that the conviction was secured under the Money Laundering Act 2022 and the Cybercrimes Act.
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