Nigeria, March 25 -- The Lagos State Special Offences Court in Ikeja has sentenced an ex-convict, Oluokun Adekola, to three years' imprisonment for theft of N12 million.

Delivering judgement on Tuesday, the trial judge, Rahman Oshodi, held that the Economic and Financial Crimes Commission (EFCC) proved beyond reasonable doubt that the convict concealed and converted the funds via a money laundering scheme.

According to a statement by EFCC spokesperson, Dele Oyewale, on Tuesday, the convict was arraigned on 16 March by the EFCC on one count of money laundering involving the theft of the money.

EFCC accused Mr Adekola and others still at large, in 2025 in Lagos, conspired to conceal and disguise the origin of N12 million paid into his ac...