David Wealth Ezuzu Sentenced to 3 Years Imprisonment over N5bn Investment Scam

Justice Ikponmwonba convicted and sentenced Ezuzu to three (3) years imprisonment with an option of Two Million Naira fine, while his company, D.W. Arerben Global Investment, was convicted and slammed with a fine of N2 million.

The judge also ordered the forfeiture of N102, 131.45 in the defendant’s business account and five other bank accounts in the name David Wealth Ezuzu, to the Federal Government through the EFCC for the purpose of restituting victims of the crime.

1. 5 Bedroom duplex and security house situated at Plot 3 Block 7 Kewkagbor Family Layout, Off Ibusa Road, Asaba, Oshimili South LGA, Delta State.
2. Landed property situated at Okotomi Layout, Obadogwugwu Quarters, Okpanam Quarters, Ibusa Road, Asaba, Oshimili North LGA, Delta State.
3. Landed property at Anieluenonu New Layout, Obadogwugwu Quarters, Okpanam, Asaba, Oshimili North LGA, Delta State.
4. 5 Bedroom duplex with bungalow situated at 12 Okwunze Street, Off Stadium Road, Oshimili South LGA, Delta State.
5. Two bungalows of three bedrooms and 2 bedrooms respectively at Obiaje Family land, Off Asaba, Oshimili South LGA Delta State.
6. Landed property, Plot 27 situated at Umayi Umuezeafadia Family land, Okosolo, Asaba-Benin Road in Oshimili South LGA, Delta State.
7. Bungalow situated along R.N. Okonkwo Street, Ogbeowelle Quarters, Okpanam, Oshimili North LGA, Delta State.
8. 26 Hectares of land located at Ngbo Ofuke Village, Asaba, Delta State.
9. Three storey building into 3 places situated at Obduogwu Family.land, Opposite NNPC Filling Station, Asaba, Delta State.
10. A piece or parcel of land measuring approximately 200ft By 200ft ( 1 Acre ) lying and situated at Elibujor ogne- of Layout by Benin – Asaba Expressway.

Also ordered forfeited are: one leaflet of Keystone bank manager’s cheque valued ( N400,000), 13  leaflets of Zenith bank manager’s cheques valued at N115,000,000, 10  leaflets of Guaranty Trust Bank manager’s cheaque valued at N61,700,000.00, 28  leaflets of First City  Monument Bank manager’s cheque valued at N33,550,000 and 2  leaflets of UBA  manager’s cheque valued at 300,000.