Court jails man five years for $1,049,251.84 fraud

Tue, Oct 8, 2019
By publisher
1 MIN READ

Judiciary

THE Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has secured the conviction and sentencing of one Augustine Ighodalo to five years imprisonment for criminal offence bordering on retention of  proceeds to the tune of $1,049,251.84 (One Million, Forty-nine Thousand, Two Hundred and

Fifty-one United States Dollars, Eighty-four Cent) before Justice Sherifat Solebo

of the Special Offences Court sitting in Ikeja, Lagos.

A statement by the  EFCC said that the convict was arraigned on September 26, 2019

on a three-count charge bordering on “transfer of criminal proceeds to a nominee”,

following intelligence received by the Commission from the Federal Bureau of

Investigation, FBI.

-Oct 8, 2019 @11:10 GMT |

 

Tags: