Temidayo Akinsuyi, Lagos

Chief Olabode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP) has said he wept for Nigeria when he heard Prof. Itse Sagay (SAN), Chairman of the Presidential Advisory Committee Against Corruption (PACAC) defending Asiwaju Bola Tinubu, former Lagos state governor on the bullion vans allegation leveled against him.

Sagay while speaking on the petition written against Tinubu, a national leader of the ruling All Progressives Congress (APC) by some rights activists, asking the Economic and Financial Crimes Commission (EFCC) to investigate the two bullion vans sighted in Tinubu’s residence on the eve of the 2019 presidential election had said Tinubu was already wealthy before joining politics.

Tinubu was already very rich before he became governor. He is not a man who became rich after he joined the government. All I know is that he is rich from his own hard work, investments and therefore, he should be given the benefit of the doubt instead of being subjected to the persecution which some people want him to be subjected to,” he had said.

However speaking in an interview with Daily Independent, Bode George said Nigeria cannot move forward when some people are being treated as sacred cows when it comes to the issue of corruption.

“Somebody during election brought two bullion vans to his house and when Nigerians say ‘why has this man not been investigated, then a man who is Chairman of Presidential Committee on Corruption said ‘Ah, he has been a very rich man before he joined politics ’.

“When I heard that statement, I said I cry for our beloved country.Why are we cherry-picking on matters that are so open? Some are born great, some achieve greatness and some have it thrust upon them. Are we all Nigerians where there are different laws for different people? That can never make us a great country”.

“In America, despite their ups and downs, nobody is above the law no matter how highly placed, including the President of the country. For them, the law is the law. I can only talk now so that posterity can say I said my own”.

https://www.independent.ng/i-wept-hearing-sagay-defending-tinubu-on-bullion-vans-allegation-bode-george/

Tinubu downfall would come from this bullion van saga. The Northern Leaders are already waiting for him and his presidential ambition.

Baba has a deep sense of grievance against tinubu ever since 2015 presidential election. But what he forgets to know is that

The tinubu had set the ball rolling but to keep the game going, he needs our support .

Hmmmm

Ti o ba je dodo, o le so ododo...


You expect this to castigate BAT? He is a saint!!!

Oga ur weeping never start at all, all of una weeping still dey for store dey chill.

Hate speech from ipob

Davash222:
Tinubu downfall would come from this bullion van saga. The Northern Leaders are already waiting for him and his presidential ambition.

You that is already down wants to drag everyone in the mud with you. Not everyone is a pig you know.

Tinubu relegated you to ward politician in Lagos. Tinubu sent you to jail for stealing our money. Why then would you wish him well or say well of him?

jahsharon:


You that is already down wants to drag everyone in the mud with you. Not everyone is a pig you know.

It takes a pig to recognize a pig.

Wondering if the cries filled a bucket?

Davash222:
Tinubu downfall would come from this bullion van saga. The Northern Leaders are already waiting for him and his presidential ambition.

The irony of all this.. The people you guys have been supporting are now relegated in Nigeria Politics, Saraki , Ekwremadu, Dino, Shehu Sanni

While those you have been praying for their downfalls are being elevated.. Buhari, Osinbajo, Tinubu, Amaechi

Na new year we wan enter so, if you guys have decided to wail upon this year, then be mindful of Una health

Is his statement true or lie? Why not react to the message without sentiments?

oyebanji44:
Baba has a deep sense of grievance against tinubu ever since 2015 presidential election.

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foolish ex convict keep wheeping like your fellow nairaland wailer Old Dunce

let me also defend Tinubu here ojare make i fustrate wailers small

Any wailer that can succesfully point out the law which Tinubu violated wins a price





1. What is Money Laundering?
Money laundering according to the Act is when any person in or outside Nigeria directly or indirectly conceals or disguises the origin of; converts or transfers; removes from the jurisdiction; acquires, uses, retains or takes possession or control of; any fund or property, knowingly or which he/she should reasonably have known that such fund or property is, or forms part of the proceeds of an unlawful act.

‘Unlawful act’ includes – participation in an organized criminal group, racketeering, terrorism, terrorist financing, trafficking in persons, smuggling of migrants, sexual exploitation, sexual exploitation of children, illicit trafficking in narcotic drugs and psychotropic substances, illicit arms trafficking, illicit trafficking in stolen goods, corruption, bribery, fraud, currency counterfeiting, counterfeiting and piracy of products, environmental crimes, murder, grievous bodily injury, kidnapping, hostage taking, robbery or theft, smuggling (including in relation to customs and excise duties and taxes), tax crimes (related to direct taxes and indirect taxes), taxes crimes (related to direct taxes and indirect taxes) extortion, forgery, piracy, insider trading and market manipulation or any other criminal act



2. Cap on Cash Transactions
The Money Laundering (Prohibition) Act 2011 makes it illegal for any individual to accept or make any cash payment that exceeds N5m (Five Million Naira). This means that every cash transaction over N5m must be done via a financial institution.

Any person found guilty of contravening this is liable to imprisonment for a term of not less than 3 years or a fine of N10m (Ten Million Naira) or to both.



3. Declaration when transporting cash overseas
The Money Laundering (Prohibition) Act 2011 states that any individual, who is transporting cash or negotiable instruments in excess of US$10,000, or its equivalent must be declared to the Nigerian Customs Service.

Non-declaration of the funds or false declaration is an offence that is punished upon conviction by the individual forfeiting the funds in question, or to imprisonment of not less than 2 years or to both.



4. Gambling in a Casino
If you gamble in casinos in Nigeria, then you should be aware that the Money Laundering (Prohibition) Act 2011 provides that a casino must verify the identity of its customers and record all transactions, including the nature and amount involved in each transaction, and this information shall be kept in a register and preserved for a period of at least 5 years after the last transaction recorded in the register.

Therefore the information about people who gamble in casinos is mandated by law to be kept for 5 years.



5. Data Retention by Financial Institutions and Designated Non-Financial Institutions
The Act provides that the above institutions shall keep a record of a customer’s identification for a period of at least 5 years after the closure of the account or the severance of relations with the customer.

This therefore means that irrespective of the fact that you have closed your account or dealings with the above institutions, they are still obliged by law to keep a record of your details.



6. Obligation to report to the Economic and Financial Crimes Commission (EFCC)
The Act provides that financial institutions and designated non-financial institutions are obliged to report to the EFCC any single transaction, lodgement or transfer of funds in excess of N5m (Five Million Naira) within 7 days.

Therefore individuals should be aware that if they make such transactions, such transactions would be liable to be monitored by the EFCC.



7. Numbered or Anonymous Accounts
The Money Laundering (Prohibition) Act 2011 makes it illegal to open or maintain a numbered or anonymous account in Nigeria. A numbered bank account is a type of bank account where the name of the account holder is kept secret, and they identify themselves to the bank by means of a code word known only by the account holder and a restricted number of bank employees, thus providing accountholders with anonymity in their financial transactions.

The offence is liable on conviction to a term of not less than 7 years but not more than 14 years imprisonment.



8. Money Laundering ‘Agent’, Conspirators, and Accessories
The Act makes it illegal for individuals to carry out money laundering activities on behalf of another person, when he/she knows or suspects that the other person is engaged in or has benefited from criminal conduct, and such an act is liable on conviction to imprisonment for a term not less than 5 years or to a fine equivalent to 5 times the value of the proceeds of the criminal conduct or both such imprisonment and fine.

The Money Laundering (Prohibition) Act further makes it a crime to conspire, aid, abet, incite, procure, induce or counsel any other person to commit a Money Laundering offence, commits an offence and is liable on conviction to the same punishment as is prescribed for that offence under this Act.

If you would like to read more about the laws, you can review them here:

•Money Laundering (Prohibition) Act 2011
•Money Laundering (Prohibition) (Amendment) Act 2012

itsme01:




foolish ex convict keep wheeping like your fellow nairaland wailer Old Dunce

let me also defend Tinubu here ojare make i fustrate wailers small

Tinubu is a criminal and a drug baron..... Very soon, he will account for his sins.....

IF WE WANT TO BE HONEST TO OURSELVES, BODE GEORGE LIKE HIM OR NOT IS TELLING THE TRUTH. IN ANY SANE COUNTRY WITH A DESIRE TO FIGHT CORRUPTION, TINUBU WILL BE BEHIND BARS. THERE ARE NO TWO WAYS OF LOOKING AT IT

yanabasee:





Tinubu is a criminal and a drug baron..... Very soon, he will account for his sins.....

Talk is cheap not even Obasanjo, Yaradua or Jonathan could tourch Tinubu.. you go wail tire

Frontpage Lalastiscala

yanabasee:





Tinubu is a criminal and a drug baron..... Very soon, he will account for his sins.....

Pablo Escobar is Tinubu role model

Evidence to back up your claim

yanabasee:





Tinubu is a criminal and a drug baron..... Very soon, he will account for his sins.....

I have argued before that Tinubu has absolutely no case to answer.
EFCC,DSS or whatever don't even need to investigate him.
It's not against any law of the land to bring in bullion vans into your compound on the eve of an election.
The contents of the van were not made public for people to see; so we can only speculate.
What if it was only tissue papers that were in the van?
Going by the logic that he should be investigated, if you carried any wrapped bag during that election period, then you should also be investigated. Who knows,maybe you were laundering money to sabotage the election.

Davash222:
Tinubu downfall would come from this bullion van saga. The Northern Leaders are already waiting for him and his presidential ambition.

yen yen yen

Who re the imaginary northern leaders when Tinubu caucus in North re the most powerful.
SGF boss mustapha, Senate President , majority leader in Nass, Ganduje, masari,shetima, zulum,ribadu, wammako e.t.c
Did u miss the event where sultan of sokoto ask tinubu to spend on behalf of all northern emirs when he was honored with PhD degree in aFe babola.


The only anti Tinubu in North is that kaduna midget called el-rufai and his minor lackeys .

1

Piling 081 6739 4799

Bode George the ex convict, wants to share his title (ex convict) with Tinibu, which we all know won't happen. Tinibu never broke any law. I can choose to hire a bullion van, for a ride down to my house.

don't weep yet... wait

Habakus:
I have argued before that Tinubu has absolutely no case to answer.
EFCC,DSS or whatever don't even need to investigate him.
It's not against any law of the land to bring in bullion vans into your compound on the eve of an election.
The contents of the van were not made public for people to see; so we can only speculate.
What if it was only tissue papers that were in the van?
Going by the logic that he should be investigated, if you carried any wrapped bag during that election period, then you should also be investigated. Who knows,maybe you were laundering money to sabotage the election.

Keep your mouth shut and hide those fingers of yours! No be only tissue papers. What about okirika clothes? Tinubu is just a common frog-eye criminal!

Ok

George ,please allow the living yoruba god to be. if you get him in,what will his worshipers do?

ORIENTATION101:
yen yen yen

Who re the imaginary northern leaders when Tinubu caucus in North re the most powerful.
SGF boss mustapha, Senate President , majority leader in Nass, Ganduje, masari,shetima, zulum,ribadu, wammako e.t.c
Did u miss the event where sultan of sokoto ask tinubu to spend on behalf of all northern emirs when he was honored with PhD degree in aFe babola.


The only anti Tinubu in North is that kaduna midget called el-rufai and his minor lackeys .

Keep quiet there!!!