June 6, 2016
Section 1 of the Money Laundering Act 2011 as amended has made it a criminal offence for anyone to accept or make a cash payment of a sum exceeding N5 million except through a financial institution. Having kept N12 million in his house which was stolen by yet to be known persons, Dr. Saraki must have accepted a cash payment in excess of what is allowed by law.
Therefore, the admission by the guy that N12 million was stolen in his house is an admission of the crime. Having admitted that he committed a criminal offence Dr. Saraki should be prosecuted before the federal high court.
-Tope Michael