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Lagos, NG
4th October 2022
LOCAL NEWS

₦160m Scam: Court Jails 3 Fraudsters For 35-Years

₦160m Scam: Court Jails 3 Fraudsters For 35-Years
₦160m Scam: Court Jails 3 Fraudsters For 35-Years

Lagos Special Offences Court, Ikeja, has convicted and sentenced 3 fraudsters to a total of 35 years imprisonment for defrauding Union Bank Plc of ₦160 million.

The convicted 3 fraudsters are; Solomon Uguma, Oladimeji Ajanaku and Raymond Onyekwere, were given the jail terms by the presiding judge, Justice Mojisola Dada, after finding them guilty of all the charges made against them by the Economic and Financial Crimes Commission (EFCC).

Delivering judgment in a charge marked ID/674c/17, Justice Dada awarded Solomon jail-term of ten years, while Oladimeji and Raymond were given 15 years respectively.

The 3 fraudsters whose trial began since 2017, were charged and arraigned before the court alongside Obinna Obed Akwuimu and a limited liability company, Raynard Integrated Limited, on five counts charge of conspiracy, forgery, obtaining under false pretence and use of false documents.

The convicts, according to the EFCC had on September 17, 2016, conspired among themselves and fraudulently obtained the sum of ₦160 million from Union Bank Plc.

EFCC had told the court that the convicts forged and presented to the bank, a Rivers State Inland Revenue’s document dated August, 2016 and captioned “Government of Rivers State of Nigeria; Rivers State Internal Revenue Service -Re: Notice Of Intention to Levy Distrain”.

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