How EFCC Sent ‘Yahoo Boy’ Who Couldn’t Account For N6m In Bank Account To Jail

Justice O.A. Egwuatu of the Federal High Court in Maitama, Abuja, handed down a one-year prison sentence to Ukoh Michael Odeh after he was found guilty of fraud.

The Makurdi Zonal Command of the Economic and Financial Crimes Commission (EFCC) brought a single count-charge against Odeh, leading to his conviction.

Odeh’s troubles began when the EFCC’s Makurdi Zonal Command received information about suspicious activities involving a group of suspected internet fraudsters in Makurdi.

Acting swiftly, the command conducted a sting operation that resulted in Odeh’s arrest.

The charge reads: “That you, Ukoh Michael Odeh, between 2022 and 2023 in Makurdi, Benue State within the jurisdiction of this Honourable Court did fail to account for the source of N6,000,000 (Six Million Naira only) in your FCMB account No: 4668442010 when you reasonably ought to have known or suspected that the said unaccounted funds formed part of the proceeds of an unlawful activity to wit: Fraud and Money laundering and thereby committed an offence contrary to Section 20 (a) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 20(b) of the same Act”.

He pleaded guilty when the charge was read to him. In view of his plea, the prosecuting counsel, M. Yusuf prayed the court to convict him accordingly.

Advertisement

Justice Egwuatu, convicted and sentenced Michael to one year imprisonment with an option of N300,000.00 fine. The convict is also to forfeit N300,000.00 as restitution to the Federal Government of Nigeria through the EFCC.

The convict is also to forfeit an Infinix 7 smart phone being proceeds of criminal activity to the Federal Government of Nigeria.