Connect with us

    Hi, what are you looking for?

    News

    Court jails man for N35m fraud in Abuja

    Justice S. M. Mayana of the Federal Capital Territory, FCT, High Court, sitting in Apo, Abuja, on Monday, May 5, 2025, convicted and sentenced one Daniel Ameh to imprisonment for fraud.

    The convict was prosecuted by the Economic and Financial Crimes Commission (EFCC) on a one-count charge, bordering on criminal misappropriation to the tune of N35million, which ran contrary to Section 309 of the Penal Code and punishable under the same section, and to which he pleaded “not guilty.”

    In the course of his trial, prosecution counsel, Ibrahim Buba, called three witnesses and tendered relevant documents.

    Justice Mayana convicted and sentenced Ameh to two years imprisonment or to pay a N1 million fine. In addition to his jail term, he was ordered to pay the sum of N22 million in restitution to his victim, one Inalegu Egwa.

    Investigation revealed that Ameh in 2021 advised Egwa to register a bureau de change, BDC business, which Egwa agreed and engaged the convict to do the registration for him in the Corporate Affairs Commission (CAC) and to apply for the relevant licence from the Central Bank of Nigeria, CBN.

    Egwa paid the sum of N36million through the convict’s bank account for remittance to the CBN.

    But in 2022, the apex bank announced the cancellation of BDC registrations and directed all affected applicants to forward their account details for a refund of payments they had made.

    Rather than inform Egwa of the new development for the channeling of the refund accordingly, the convict kept his victim in the dark, received the money in his account, and converted it to his use.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    Tech

    Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), has said Nigeria’s collaboration with the Japan International Cooperation Agency (JICA) is...