The Federal Prime Courtroom sitting in Benin Town has convicted and sentenced a businessman, Olabinjor Ajobor, to seven years imprisonment for duping one George Ezomo of 12.5 million naira.
This was once disclosed in a observation by way of the Financial and Monetary Crimes Fee, received by way of our correspondent on Tuesday.
In step with the EFCC, Ajobor was once jailed on Tuesday with an technique to pay the sum of N500,000 as an choice of excellent and N12.5m to the sufferer.
Ajobor was once first arraigned in 2018 sooner than being re-arraigned in July 2023 on an amended three-count price of acquiring by way of fraudelant pretense.
In step with the observation, the presiding pass judgement on, Justice Chuka Obiozor famous that the prosecution had confirmed the three-count price of fraud towards Ajobor.
The price learn, “That you OLABINJOR AJOBOR and BISOFRANK INVESTMENT LIMITED on or about the 21st day of February 2017 in Benin, Edo State within the jurisdiction of this Honorable did with intent to defraud induced one Mr. George Ezomo to deposit the sum of Six Million, Two Hundred and Seventy Naira(N6,270,000) through Mr. Michael Ezomoghene into Account No: 1771641039 domiciled in Skye Bank Plc operated by you with the pretence that the said money was an investment in 66,000 litres supply of Low Pour Fuel Oil (L.P.F.O) from Petroleum Pricing Marketing Company (PPMC) with a share of 60% of the profit to him, which pretence you knew is false and thereby committed an offence contrary to Section 1(1) (c) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and Punishable under Section 1(3) of the same Act.”
All over the trial, in step with the observation, the prosecution known as 3 eyewitnesses who testified as to how the defendant dedicated the offence and tendered a number of paperwork as proof.
Turning in her judgment, Justice Chuka Obiozor mentioned the prosecution suggest, Elodi proved her case past cheap indecision, convicted, and sentenced the defendant to seven years imprisonment with out an choice of excellent. Then again, the defendant is to be exempted from jail if he can pay the sufferer the sum of N12.5 million and can pay a positive of N500,000 to the Federal govt of Nigeria.
The pass judgement on reportedly ordered that the second one defendant, Bisofrank Funding Restricted corporate, be closed unwell.