Federal High Court sitting in Lagos has imprisoned two men, Ozor IKenna and Ogbo Emmanuel Obiora, to five years imprisonment each for laundering $196,883.740.00 and $162,883.740.00 said to be proceeds of illicit drugs.
Justice Ayokunle Faji passed the sentence on the duo on Friday after convicting them of charges of conspiracy and laundering preferred against them by the National Drug Law Enforcement Agency (NDLEA).
Ikenna and Obiora, according to prosecution counsel Abu Ibrahim, committed the offences sometime between 2014 and 2015.
Mr. Abu told the court that Ikenna was arrested with the sum of $34, 000, on September 9, 2015, at the Murtala Muhammed International Airport, Ikeja, Lagos, during the outward clearance of an Etihad Airlines flight to Brazil.
The court heard that the convicts laundered the money for some drug barons that reside abroad.
The offences, the prosecutor said, contravened sections 15(1)(b); 2(5) and 16(a) of the Money Laundering (Prohibition) Act, 2011 (as amended), and were punishable under the same Act.
Although the defendants pleaded not guilty to all the counts, they were convicted during trial.