The Economic and Financial Crimes Commission, EFCC, on Thursday,
October 22, 2015, secured the conviction of one Bashir Olumuyiwa, Managing Director, Asset Multipliers and Growth
Concept Limited, before Justice Abubakar Idris Kutigi of the Federal Capital
TerritoryHigh Court, Abuja.
The convict
was arraigned on May 21, 2015 on an amended five-count charge of criminal
breach of trust to the tune of N1, 236,000.00 ( One Million Two Hundred
and Thirty-Six Thousand Naira).
The
offence is punishable under Section 312 of the Penal Code.
One of
the counts reads: “That you Bashir Olumuyiwa on or about the 5th
day of February, 2008 at Abuja within the Abuja judicial division of the High
Court of the Federal Capital Territory being entrusted with an Oando Share
certificate valued at N310,000.00k( Three Hundred and Ten Thousand Naira),
property of one Mr. Enoman Otom given to you for the purpose of stock trading,
sold the shares and dishonestly converted the proceeds to your own use and
thereby committed an offence punishable under section 312 of the Penal Code Law
Cap 532 laws of the Federation of Nigeria( Abuja) 1990”.
Delivering his judgment,
Justice Kutigi discharged and acquitted the convict on counts one, two and five;
but found him guilty on counts 3 and 4 and sentenced him to six months
imprisonment on both counts
The convict was also
ordered to pay the sum of N236, 000.00 in restitution to the victim.
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