Judgment in Sh3m seized from Nigerian at airport set for today

 

Peter Oluwafemi Olaiwon will today know if his Sh3.1 million that was confiscated by the Assets Recovery Agency will be forfeited to the state or returned to him.

The Nigerian was charged with offences of financial promotion under the Proceeds of Crime and Money Laundering Act on November 8, 2021.

That followed his arrest on October 1 when he came to Kenya and went to the City Square Post office to pick up a suitcase, which had been disguised as clothes and books, reportedly to conceal the money.

The cash had been sent to him by American Linda Dye who resides in South Carolina.

Olaiwon denied the charges and was released on a Sh150,000 bail.

However, Justice Esther Maina directed that the cash seized from him be transferred to Assets Recovery Agency for preservation, pending the conclusion of investigations as to whether the money is proceeds of crime.

The funds were deposited in the Assets Recovery Agency KCB account, at the KICC branch.

The money was found concealed in a jacket contrary to the law that requires that individuals travelling or sending parcels with a huge amount of money to declare and produce documents supporting the legitimacy of the cash.

Justice Sifuna Nixon of the High Courts Economic Crimes division heard the case and is expected to deliver judgment today.     BY THE STAR