By Enyichukwu Enemanna
A United States court has found three Nigerians guilty of money laundering after they illegally facilitated the payment of $160m to Nigeria within a period three years through their payment firm, Ping Express US LLC.
U.S legal filings indicates that 45-year-old Anslem Oshionebo and Opeyemi Odeyale, 43 bagged 27 months prison sentence for their failure to maintain effective anti-money laundering controls and unlicensed money transmitting.
Another executive of the company also received a 42-month sentence, the Department of Justice said in a statement July 7.
The trio pleaded guilty to the charges.
Their company based in Dallas United States with alliance in UK also faces five years of probation and a fine of $500,000 after pleading guilty to a similar charge.
