The Federal Excessive Court docket sitting in Benin Metropolis has convicted and sentenced a businessman, Olabinjor Ajobor, to seven years imprisonment for duping one George Ezomo of 12.5 million naira.
This was disclosed in an announcement by the Financial and Monetary Crimes Fee, obtained by our correspondent on Tuesday.
In keeping with the EFCC, Ajobor was jailed on Tuesday with an choice to pay the sum of N500,000 as an choice of effective and N12.5m to the sufferer.
Ajobor was first arraigned in 2018 earlier than being re-arraigned in July 2023 on an amended three-count cost of acquiring by false pretense.
In keeping with the assertion, the presiding choose, Justice Chuka Obiozor famous that the prosecution had confirmed the three-count cost of fraud towards Ajobor.
The cost learn, “That you simply OLABINJOR AJOBOR and BISOFRANK INVESTMENT LIMITED on or in regards to the twenty first day of February 2017 in Benin, Edo State inside 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) by Mr. Michael Ezomoghene into Account No: 1771641039 domiciled in Skye Financial institution Plc operated by you with the pretence that the stated cash was an funding in 66,000 litres provide of Low Pour Gasoline Oil (L.P.F.O) from Petroleum Pricing Advertising and marketing Firm (PPMC) with a share of 60% of the revenue to him, which pretence you knew is fake and thereby dedicated an offence opposite to Part 1(1) (c) of the Advance Charge Fraud and Different Fraud Associated Offences Act 2006 and Punishable underneath Part 1(3) of the identical Act.”
Throughout the trial, based on the assertion, the prosecution referred to as three witnesses who testified as to how the defendant dedicated the offence and tendered a number of paperwork as proof.
Delivering her judgment, Justice Chuka Obiozor stated the prosecution counsel, Elodi proved her case past cheap doubt, convicted, and sentenced the defendant to seven years imprisonment with out an choice of effective. Nonetheless, the defendant is to be launched from jail if he pays the sufferer the sum of N12.5 million and pays a effective of N500,000 to the Federal authorities of Nigeria.
The choose reportedly ordered that the second defendant, Bisofrank Funding Restricted firm, be closed down.