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Justice Sherifat Solebo of the Particular Offences Court docket sitting in Ikeja, Lagos, has sentenced a businessman, Chukwuemeka Ekwunife, to 60 years’ imprisonment.
Ekwunife was sentenced over a fraud of N184,098,000.
The prosecutor of the Financial and Monetary Crimes Fee, Emeka Okeogwu, on February 19, 2018, arraigned Ekwunife alongside his firm on an amended eight counts bordering on stealing by fraudulent conversion, opposite to sections 278(1)(b), (2)(f) and 285(1) of the Prison Code Regulation of Lagos State of Nigeria 2011.
The cost learn partially, “Chukwuemeka Ekwunife and Structured Power Restricted, on or concerning the 4th day of June 2015 in Lagos, inside the Lagos Judicial Division, dishonestly transformed to your personal use the sum of N85,000,000 paid to you by M.R.S. Oil and Gasoline Firm Restricted, property of Nepal Oil and Gasoline Restricted.”
The defendant pleaded not responsible to all the fees, prompting the graduation of his trial.
In the midst of the trial, Okeogwu referred to as six witnesses and tendered a number of documentary proof to show the case of the prosecution.
The defendant additionally took to the dock to testify in his defence whereas denying the fees towards him.
Justice Solebo discovered the defendant responsible on counts one to 6 and sentenced him to 10 years on every depend to run concurrently.
She ordered his firm be wound up and following the allocutus of the defence, he was given an possibility of a superb of N50m.
Justice Solebo mentioned, “It’s apparent that many fraudulent actions are being perpetrated by some people who’re extraordinarily grasping and utilizing the guise of oil subsidy on imported gasoline to defraud the nation, and in addition tarnishing the picture of Nigeria overseas. The loss and features will stay the place they’re.”
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