A Federal High Court in Lagos has ordered Olusola Okunfulure, a US-bound traveller, to forfeit $20,000 to the Nigerian government.
Okunfulure was arrested on March 28, 2025, at the Murtala Muhammed International Airport for failing to declare the sum of $20,000.¹
The Economic and Financial Crimes Commission (EFCC) arraigned Okunfulure, who pleaded guilty to the one-count charge.
In his defence, Okunfulure’s counsel, Joel Ogundire, appealed to the court to temper justice with mercy, citing his client’s good character and legitimate business dealings.
Justice Dehinde Dipeolu convicted Okunfulure and sentenced him to three months’ imprisonment.
However, the judge returned $10,000 to Okunfulure, ordering him to forfeit the remaining $20,000 to the Federal Government.
The EFCC had charged Okunfulure with failing to declare the sum of $20,000 out of the $30,000 he had in his possession, contrary to the Money Laundering (Prevention and Prohibition) Act, 2022.
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