The Economic and Financial Crimes Commission, EFCC, on Wednesday, July 4th, 2012 docked nine suspects at a Lagos State High Court sitting in Igbosere ,Lagos on a two count charge bordering on intent to defraud, conspiracy and stealing the sum of N16,467,000.000 (Sixteen million four hundred and sixty seven thousand naira ), property of Mr. Aiyeola Matthew of Golden Treasures Investment Limited . The money was given to them to purchase the sum of $155,000.00 (One hundred and fifty five thousand United States Dollars). They were arraigned before Justice Oyekan Abdulahi.
Two Brothers Bag 91 Years Jail Term over N25m Fraud … As Gbadagesin Yenusi Gets two Years for Bunkering
Justice Ibrahim N. Buba of the Federal High Court sitting in Asaba, Delta State, on Thursday 28th June, 2012, convicted two brothers, Collins Avoaja and Ikechukwu Avoaja to seven years imprisonment each on the 13 count charge of fraud and obtaining money under false pretence preferred against them by the Economic and Financial Crimes Commission, EFCC.