Crime

Court Jails Man Five Years For $1,049,251.84 Fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has secured the conviction and sentencing of one Augustine Ighodalo to five years imprisonment for criminal offence bordering on retention of proceeds to the tune of $1,049,251.84 (One Million, Forty-nine Thousand, Two Hundred and Fifty-one United States Dollars, Eighty-four Cent) before Justice Sherifat Solebo of the Special Offences Court sitting in Ikeja, Lagos.

The convict was arraigned on September 26, 2019, on a three-count charge bordering on “transfer of criminal proceeds to a nominee”, following intelligence report received by the Commission from the Federal Bureau of Investigations, FBI.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.