Nigerian show promoter jailed for laundering nearly £1m

A Nigerian show promoter, Babatunde Adu popularly known as Tmoney Adu, has been convicted of charges which involve him laundering almost £1m.

Adu was able to do this by using dodgy bank cards and dating scams. For his crime, the 38 year old was sentenced to six years and four months in prison. His sentence started in July 2017.

According to News Shopper, a news website in the UK, "Babatunde Adu’s house was searched last October in a police crackdown on card fraudsters after intelligence suggested he had used compromised cards to buy £15,000 of electronic goods and sell them on.

Tmoney when the going was good
(Instagram/Instagblog9ja )

"Officers found credit cards and fraudulent documents, including a driving licence with Adu’s picture but a different name."

Upon investigation, the police discovered a bank card used in 2015 to receive money from a dating fraud. The sum is reported to be £50,000. Further investigation revealed £900,000 in a bank account in 2016.

Adu who stayed in Ripley Road in Belvedere was found "guilty of disguising criminal property at Inner London Crown Court." Tmoney Adu plead guilty to charges of converting criminal property, fraud by false representation and possession of a fraudulently obtained identification document.

"Adu was a career fraudster who had falsely obtained money through a variety of means and I am delighted with this conviction" said Detective Constable Damian Ward.

“This sentence should send a message to any would-be fraudsters that you will be caught and punished" he further said.