Justice Mojisola Dada of the Lagos State Special Offences Court in Ikeja sentenced one Abioye Eluwole to 77 years’ imprisonment over N62m fraud.
Eluwole, who is the Managing Director of Bytofel Trust and Securities Limited, was arraigned before the court on 30 counts bordering on stealing, contrary to Section 390(8)(b) of the Criminal Code, Cap. C17, Vol. 2 Laws of Lagos State, 2003, and Section 285(9)(b) of the Criminal Laws of Lagos State, 2011.
According to the EFCC, the convict stole units of shares of different companies belonging to one Okeke Ojumba and his children.
Delivering her judgment, Justice Dada found Eluwole guilty of 11 charges and held that the prosecution proved its case beyond any reasonable doubt.
Justice Dada sentenced Eluwole to seven years’ imprisonment on each of the 11 counts and ordered that the sentence should run concurrently from the day of his arrest.
She also ordered the convict to return the money to the victim.
Meanwhile, no fewer than 22 suspected Internet fraudsters have been arrested by the Lagos Zonal Office of the Economic and Financial Crimes Commission (EFCC).
A statement on Tuesday by the EFCC Head of Media and Publicity, Wilson Uwujaren, disclosed that the suspects were rounded up on January 23 on the Terra Annex Estate, Sangotedo, in the Ajah area of Lagos, following intelligence report.
The agency had last Thursday arrested 16 suspected Internet fraudsters at the Ziroc Residence Hotel, Lekki.
Uwujaren identified the latest suspects as Muyiwa Adetola, Adeolu Damilade, Oritsetimeyin Abel, Ademola Lekan, Abayomi Qudus, Isaac Chibueze, Ayeni Olarewaju, Aminu Kelvin, Ajama Patrick and Nesta Olotu.
Others are Odaro Edogiawere, Balogun Ayo, Mustapha Hassan, Musbaudeen Olamilekan, Adewumi Adebayo, Charles Akpene, Joshua Ugwuomore, Ayeni Isamilola, Ogundare Kayode, Kara Uzuegbu, Akindele Samuel and Oladimeji Ashiru.