EFCC secures final forfeiture of $300,000 from Chinese national

EFCC secures final forfeiture of $300,000 from Chinese national

- The Economic and Financial Crimes Commission has secured the final forfeiture of $300,000 belonging to a Chinese national

- The final forfeiture order was granted by Justice Babatunde Quadri of the Federal High Court, Abuja

- The Chinese national identified as Yan Pin stood trial for a money laundering charge, levelled against him by the commission

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The Economic and Financial Crimes Commission (EFCC) on Monday, May 11, secured the final forfeiture of $300,000, belonging to a Chinese national, Li Yan Pin, to the federal government.

This was revealed in a statement shared on the commission's official Facebook page.

Justice Babatunde Quadri of Federal High Court, Abuja, had earlier ordered the interim forfeiture of the money following an exparte application filed by the anti-graft agency.

In the court ruling, Justice Quadri while ordering the money to be forfeited to the federal government, saved the convict a jail term on the ground that he had earlier filed for a medical leave over alleged COVID-19 symptoms.

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Yan Pin stood trial for a money laundering charge, levelled against him by the EFCC over the said sum.

Intelligence report led to Pin's arrest at the Nnamdi Azikiwe International Airport, Abuja, after he failed to declare the money in his possession, as he attempted to board a flight to China en-route Dubai.

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Meanwhile, Legit.ng previously reported that the Osun State Joint Task Force (JTF) arrested 27 illegal miners in the state, comprising 17 Chinese nationals and 10 locals, including a local traditional chief.

The arrest by the task force recently inaugurated by Governor Adegboyega Oyetola was made known in a statement posted on the state government's official Twitter page on Sunday, May 3.

The illegal miners were arrested following a coordinated sting operation around Ilesa and Ife axis of the state.

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However, the minister of mines and steel development, Olamilekan Adegbite, said some influential Nigerians are mounting pressure on the Nigerian government to free the Chinese nationals arrested for illegal mining.

Adegbite told journalists that some Nigerians in high positions of authority who are backing the arrested Chinese men want the government to release them.

He said the godfathers backing the arrested Chinese nationals are now afraid because the illegal miners have started revealing names of their backers.

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