24,000 extortion: Shehu Sani Risks Three years imprisonment
Former Senator Shehu Sani may earn a two or three year jail term if found guilty of the allegation of extortion.
Shehu is currently in Economic and Financial Crimes Commission (EFCC) detention over allegation of extortion of $24,000 from Chairman of ASD motors, Alhaji Sani Dauda.
Section 18 of the EFCC (Establishment) Act 2004 is explicit on the jail term.
Section 18: (1) and (2) says: “A person who, without lawful authority (a) engages in the acquisition, possession or use of property knowing at the time of its acquisition, possession or use that such property was derived from any offence under this Act; or
(b) engages in the management, organization or financing of any of the offences under this Act; or
(c) engages in the conversion or transfer of property knowing that such property is derived from any offence under this Act; or
(d) engages in the concealment or disguise of the true nature, source, location, disposition, movement, rights, with respect to or ownership of property knowing such property is derived from any offence referred under this Act commits an offence under this Act and is liable on conviction to the penalties provided in Subsection (2) of this section.
(2) “The penalties provided for offences under subsection (1) of this section shall be imprisonment for a term not less than two years and not exceeding three years.
“The Commission is also charged with the responsibility of enforcing the provisions of – (a) the Money Laundering Act 2004; 2003 No.7 1995 N0. 13 (b) the Advance Fee Fraud and Other Fraud Related Offences Act 1995; (c) the Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Act 1994, as amended; (d) The Banks and other Financial Institutions Act 1991, as amended; and (e) Miscellaneous Offences Act (f) Any other law or regulations relating to economic and financial crimes, including the Criminal code or Penal Code.”