Justice Sadiq Umar of the High Court
of the Federal Capital Territory Abuja has sentenced Akin Oladipupo, former
manager of Wema Securities and Finance Plc and Rainbow Global ventures limited
to two and a half years imprisonment for defrauding his customers.
The Economic and Financial Crimes
commission, EFCC, had arraigned the convict together with his company on February
13, 2006 on a nine count charge bordering on dishonest conversion of various customers’
money to the tune of over forty million naira.
To prove its case against the
convict, the Commission tendered three exhibits and called three witnesses.
In a judgment delivered on January
28, 2013, Justice Umar convicted the accused person on four of the nine count
charge but acquitted him on the others. The convict bagged six months
imprisonment on the first count and two years imprisonment on counts two,
three, eight and nine without an option of fine.
The sentences are to run concurrently
with effect from the date of delivery of judgment.
In a related development, Justice M.
L. Shuaibu of the Federal High Court, Kaduna, on February 8, and 18, 2013 sentenced
the duo of Michael Adewunmi Ifashole and Mr Ibini Kayode to six months imprisonment
respectively for offences bordering on obtaining by false pretence and
possession of document containing false pretence contrary to section 6 and 8
(b) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and
punishable under section 1 (3) of the same Act.
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