Senator Bassey bags 42 Year’s Imprisonment over Money Laundering


The senator representing Akwa Ibom North East at the National Assembly, Albert Bassey was on Thursday convicted and sentenced to 42 years imprisonment by Justice Agatha Okeke of the Federal High Court, Uyo, Akwa Ibom state.

According to the Economic and Financial Crimes Commission (EFCC), Spokesperson, Wilson Uwujaren, the court found him guilty of six-count of money laundering preferred against him by the EFCC.

Senator Bassey was prosecuted by the anti-graft agency on allegation of receiving a vehicle valued at N204 million as a bribe from companies linked to one Olajide Omokore, a contractor who executed a N3bn contract for the Government of Akwa Ibom State whilst Senator Bassey was Commissioner for Finance and Chairman of the Inter-Ministerial Direct Labour Coordinating Committee.

The offence contravenes Section 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and is punishable under Section 15 (3) of the same Act.

One of the charges against the senator read:

“That you, Albert Bassey, whilst being the Commissioner for Finance, Akwa Ibom State and Chairman of Akwa Ibom State Inter-Ministerial Direct Labour Coordinating Committee, IMDLCC sometime in December 2012, within the jurisdiction of this Honourable Court, indirectly took possession of a vehicle (Infinity QX 56 BP) valued at N45,000,000.00 at the instance of one Olajide Jones Omokore (whose companies had contracts with Akwa Ibom State Government at that material time), when you reasonably ought to have known that the said vehicle formed part of proceed of unlawful activity (to wit: corruption) and you thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act”.

Upon arraignment, the senator pleaded not guilty to the charges setting the stage for his full trial. In the course of the trial, EFCC called several witnesses and tendered documents that were admitted in evidence as exhibits.

One of the witnesses, Ngunan Kakwagh, an investigator with the EFCC revealed how Olajide Omokore, a contractor, bought vehicles for Senator Albert after receiving N3bn contracts when he was Commissioner for Finance in Akwa Ibom State.

Kakwagh informed the court that the anti-graft agency traced about N3bn payments from the Akwa Ibom State Government and the Inter-Ministerial Direct Labour Coordinating Committee to the accounts of Canwood Dredging Company Limited, Bay Atlantic Limited, Sahel Engineering, Power Nigeria Limited and Network Services Nigeria Limited – all linked to Omokore.

The court, on May 5th, 2022 closed the case of the defence following the failure of the lead defence counsel, Kanu Agabi to continue the trial of the serving senator.

Delivering judgment today, Justice Okeke held that the court was satisfied that the prosecution had proved the case against the defendant beyond reasonable doubt and convicted him as charged.

Justice Okeke sentenced him to seven years imprisonment on each of the six counts.

The judge also ordered the convicted Senator to restitute a total sum of N204m through the EFCC. According to the court, restitution will be the condition for his release after serving out the jail term.