Man Stabs 23-Year-Old Debtor To Death In Lagos

Court Sentences Three To Jail For Diverting Dead Person’s Stocks

104
Reach the right people at the right time with Nationnewslead. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication @ Nationnewslead@gmail.com Call or Whatsapp: 08168544205, 07055577376, 09122592273

The Federal High Court sitting in Lagos on Wednesday sentenced three men, Kasumu Ademola, Salau Mikailu, and Ganiyu Ishola to 20 years imprisonment for defrauding a stock firm of N45.6m.

Justice Chukwuejekwu Aneke handed down the jail term after he found them guilty of the offence.

The Economic and Financial Crimes Commission (EFCC) had arraigned the convicts on four counts of conspiracy, unlawful fund conversion, and money laundering before the court to which they pleaded not guilty.

READ ALSO: Kaduna Man To Get Eight Strokes Of Cane For Stealing 10 Chickens

The convicts, who were first arraigned in 2019, had pleaded not guilty to all eight counts and they were admitted to bail on various terms.

However, the convicts in 2021, informed the court of their intentions to change their earlier not-guilty plea, and they pleaded guilty to the charges.

The three convicts were accused of conspiring and unlawfully converting 298,550 stocks of a deceased man, the late Joseph Adeyemi, valued at N34m.

They were also said to have unlawfully retained the aggregate of the sum of N9.481m, in their bank account.

At the resumed hearing of the case on Wednesday, the convicts’ lawyers, O Muyideen and A. Olufemi, in their plea for leniency, pleaded with the court to temper justice with mercy in sentencing the convicts, by considering that they have been in the detention since 2018 when they were first arrested.

Delivering judgment, Justice Aneke sentenced the convicts to five years in each of the four counts.


Reach the right people at the right time with Nationnewslead. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication @ Nationnewslead@gmail.com Call or Whatsapp: 08168544205, 07055577376, 09122592273



Leave a Reply

Your email address will not be published. Required fields are marked *