A Federal High Court in Asaba, Delta State, has sentenced two pastors to 10 years imprisonment each for illegal banking operations.
According to THE PUNCH, the court, presided over by Justice Ibrahim Buba, found Pastor Glory Abrefera and Rev. Vincent Okpogo, including their company, Mustard Seed Micro Investment Limited, guilty on a four-count of engaging in banking practice without licence.
A statement by the spokesperson for the Economic and Financial Crimes Commission, Mr. Wilson Uwujaren, on Monday said the accused collected over N1bn from different individuals and organisations as deposits in an illegal banking transactions.
They were said to have been arrested following a petition to EFCC by some of the depositors.
The counsel for EFCC, G. K. Latona, described the judgment as a milestone in the Nigerian judiciary. He said it was the first time that persons were convicted for carrying out banking practice without the required licence, adding that the judgment would serve as a deterrent to other persons engaging in such illegal act.
EVERYDAY FOR THE THEIF, ONE DAY FOR THE OWNER
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