Sunday, September 20, 2026

Man bags 21 months’ imprisonment over N50 million fraud

The court also gave him an option of a N5 million fine.

• December 1, 2025
LEGISLATIVE GAVEL
LEGISLATIVE GAVEL[CREDIT: WALLPAPERS.COM]

An Ikeja Special Offences Court on Monday convicted and sentenced a man, Chinedu Chukwudole, to 21 months and 18 days’ imprisonment for obtaining the sum of N50 million under false pretences.

Justice Rahman Oshodi sentenced Mr Chukwudole after he pleaded guilty to a two-count charge of stealing and obtaining money by false pretence, brought against him by the Economic and Financial Crimes Commission (EFCC).

Mr Oshodi found him guilty as charged and sentenced the convict to 21 months and 18 days’ imprisonment on the two-count charge.

The court also gave him an option of a N5 million fine.

The EFCC Counsel, Spiff Owede, in his review of facts, presented one witness and tendered several documents, which were admitted in evidence.

The anti-graft agency stated that the convict, sometime in January 2023 in Lagos, obtained N50 million from one Chukwudi Ezeh under the pretext that he had $70,000 to sell at the rate of N720 per US dollar.

Mr Owede said the convict failed to sell the dollar but dishonestly converted the complainant’s money to his personal use.

According to the prosecution, the offences contravene Sections 1(1)(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and Section 287 of the Criminal Law of Lagos State, 2015. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

NationWide

Troops‌⁠‍‍⁠⁠‌⁠⁠⁠‌‌ rescue kidnap victims, arrest 47 suspects

Troops of the Nigerian Army arrested 47 suspected criminals and rescued several kidnapped victims in nationwide operations.

States

INEC has no excuse to fail in 2027, says ex-Abia lawmaker

Mr Nkole warned that Nigerians were not ready to accept anything short of free, fair and credible elections.

Economy

Delta govt seeks World Bank support for urban development projects

Commissioner for Economic Planning, Sonny Ekedayen, said the support would help the state review and strengthen urban planning laws and master plans.

Economy

Gov Aiyedatiwa ‌⁠‍‍⁠⁠‌⁠⁠‍⁠⁠⁠‍‌unveils solar power initiative for 1,000 businesses in Ondo

Mr Aiyedatiwa said the initiative, which would cover the state’s 18 local government areas, was designed to reduce energy costs for small businesses.

Jehovah’s Witnesses

Hot news Home top

Blood Transfusion: Jehovah’s Witnesses revise medical guidelines

Jehovah’s Witnesses revised its blood transfusion policy to allow members to receive or donate four blood components, based on their conscience.

National Democratic Congress (NDC)

Heading 4

OK Movement: NDC moves to sanction John Ugulu for unauthorised Obi campaign

The NDC said the presidential campaign council list for Messrs Obi and Kwankwaso announced by John Ugulu, “did not emanate from the party.”