Justice J.E. Oyefeso of the Lagos State High Court sitting in Ikeja, Lagos has convicted and sentenced a businessman, Segun Oyekanmi, Managing Director, Loben Investment Co-operative Multi-purpose Society Limited, to five years imprisonment for N30million fraud.
The Economic and Financial Crimes Commission have arrested Yusuf Balogun Alabi, a suspected credit card fraudster, who allegedly masterminded the theft of $5,400 Canadian Dollars from a catering entertainment outfit in Brantford, Canada. The fraud came to light after a young Nigerian undergraduate of Thompson Rivers University in British Columbia,Tony Ifeoluwa Adebero was arrested in Toronto, Canada on charges of wire fraud.
The Economic and Financial Crimes Commission, EFCC, is to appeal the July 20, 2017 Court of Appeal ruling, which acquitted a former Adamawa State governor, Bala Ngilari, of the five-count charge of corruption, which the state’s High Court had on March 6, 2017 found him guilty of, and sentenced him to five years in jail.