The convict had defrauded one Onoja Usman, Managing Director, Lovonus Trust & Investment Limited, by falsely claiming that he had $130,000.00 (One Hundred and Thirty Thousand Dollars) to sell to him.
He was subsequently arraigned alongside his company, Jayjingo Nigeria Limited on a two-count charge bordering on stealing and obtaining money by false pretence to the tune of N41, 600, 000. 00(Forty-one Million, Six Hundred Thousand Naira) sometime in January 2018.
He pleaded not guilty to the charge, thereby setting the stage for his full trial.
The prosecution counsel, S. O. Daji, in the course of the trial, which commenced on February 5, 2018, tendered several documents that were admitted in evidence by the court and presented witnesses who testified against the defendant.
Delivering her judgment, Justice Dada held that the offence of stealing is well known and, therefore, the defendants were not misled.
The Judge further held that “The defendants and their counsel admitted that the said sum was paid by the prosecution witness.
“The act of stealing has been established against the defendants in line with Section 282 of the Criminal Law of Lagos State and I hereby convict him on count One.
“In count two, the action of the defendant amounts to obtaining by false pretence since he had an intention to defraud and he is convicted on the count.
“The witnesses have established the offences against the defendant as they were directly linked to the case and this settles the argument.
“The Lagos State Administration of Criminal Justice Law is clear that, no sinner must go unpunished and no saint punished unjustly. I hereby sentence the convict to 10 years imprisonment.”
Justice Dada also ordered that all the CEO’s assets, both moveable and immoveable wherever they may be traced to in the country, be forfeited to the Federal Government of Nigeria.
