Federal court convicts Mamman on money laundering charges

Federal court convicts Mamman on money laundering charges

A federal high court in Abuja has convicted former power minister Saleh Mamman on all 12 money laundering counts linked to the diversion of N33.8 billion meant for two hydroelectric power projects.

A federal high court in Abuja has found former minister of power Saleh Mamman guilty on all 12 counts of money laundering brought against him by the EFCC.

Judge James Omotosho ruled that the prosecution had established Mamman’s guilt beyond reasonable doubt, with evidence showing funds meant for the Zungeru and Mambilla hydroelectric power projects were siphoned through Bureau de Change operators and converted into foreign currencies.

The court also found that Mamman made a cash payment of $655,700 for Abuja property without using a financial institution.

The judge was pointed in his verdict: “Rather than creating a legacy to tackle the epileptic power supply in the country, the defendant was living large at the expense of ordinary citizens. Little wonder that Nigerians have remained in darkness till today.”

Mamman was absent during conviction. A warrant for his arrest was issued, with sentencing deferred to May 13.

READ MORE AT THE CABLE

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top