Igbinedion gets 6-years in jail for laundering money

Justice Muhammed Lima of Benin division of Federal High Court today sentenced Michael Igbinedion, younger brother to the former governor of Edo State, Lucky Igbinedion, to 6 years imprisonment.

He laundered N25b belonging to Edo state government during the Lucky Igbinedion regime as the governor of the state.
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The Justice also sentenced Patrick Eboigbodin, an aide to Lucky Igbinedion to 20 years imprisonment, in addition to a fine of N250k on a 10-count charge. 81-count charges case were instituted against the convicts. PML Securities Limited, one of the companies allegedly used by the convicts to launder the funds, was ordered to fold up and forfeit all its assets to the federal government. .

Michael Igbinedion, was sentenced to 2 years imprisonment on each of the 3 count charges he was indicted for. All the jail terms of the convicts are to run concurrently. Michael was however given an option of N3m fine
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