Home » Man bags five years for $1,049,251.84 fraud

Man bags five years for $1,049,251.84 fraud

by newshubmag

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has secured the conviction and sentencing of one Augustine Ighodalo.

Justice Sherifat Solebo of the Special Offences Court sitting in Ikeja, Lagos sentenced the convict to five years imprisonment for criminal offence bordering on retention of proceeds to the tune of $1,049,251.84 (One Million, Forty-nine Thousand, Two Hundred and Fifty-one United States Dollars, Eighty-four Cent).

The convict was arraigned on September 26, 2019 on a three-count charge bordering on “transfer of criminal proceeds to a nominee”, following intelligence received by the Commission from the Federal Bureau of Investigation, FBI.

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