Sentences with phrase «naira equivalent»

Testifying, Ibrahim (PW6) told the court that, he was given the sum of $ 1m (one million dollars) to change and pay into the account of Destra Investment Limited, a sum whose naira equivalent amounted to N103m (one hundred and three million naira).

The defendant was said to have told the BDC operator to follow him with the $ 65,000 to a nearby bank where he would pay the naira equivalent of the foreign currency.

He said, «On the report on some government agencies collecting revenue in foreign currencies but remitting to the Federation Account naira equivalent, the Permanent Secretary, Ministry of Finance reported that apart from NNPC, NIMASA and Nigerian Ports Authority, other agencies involved in revenue generating are FIRS, Shippers Council, Airport Authority and Nigerian Immigration Service.

Justice Oyesfeso had on July 10 admitted Ramirez to $ 250,000 bail or its Naira equivalent with two sureties in like sum.

Ibrahim told the court that it was the PW - 1, Nneka Ararume, that sold the $ 1 million to him sometime in December 2014, and asked him to transfer the Naira equivalent which amounted to N183 million to the account of Destra Investment Limited.

Meanwhile, the EFCC also produced a Bureau de Change operator, Mr. Kabiru Ibrahim, who helped Metuh to change $ 1 million to its Naira equivalent, and transferred same to his company's account, to testify before the court, yesterday.

In the second case at an Abuja Federal High Court, Adoke and Abubakar were alleged to have on September 16, 2013 conspired to commit money laundering when they directly took possession of the sum of $ 2, 267, 400 and converted it to the Naira equivalent being the sum of N345.2 million using one Usman Bello, a bureau de change (BDC) operator.

Aroke admitted sending the money to Nigeria through one Angela, who later helped him deposit its naira equivalent, N25, 000,00 (Twenty - five million Naira only), in a new generation bank.

«I also invited Mr. Kabir Mohammed and gave him the sum of $ 1m to transfer the Naira equivalent in favour of Destra Investment Limited.

Not exact matches

149.6 billion Naira (call it a round figure of 150 billion Naira) Abia State budget proposal for 2014 is the estimated equivalent of USD945, 477,502.49 or (a round figure of USD1billion).

He used dollar equivalent of the sum of N1.4 billion (One Billion, One Hundred Million Naira) from the accounts of the Nigerian Air Force to purchase a mansion situated at No. 6, Ogun River Street, Off Danube Street, Maitama, Abuja.

An equivalent sum of money, in Nigerian naira, was credited to Trust International's account with the bank in Nigeria.