Man Bags Five Years Imprisonment For N30m Fraud
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Man Bags Five Years Imprisonment For N30m Fraud

Dumebi Ifeanyi



Justice J.E. Oyefeso of the Lagos State High Court sitting in Ikeja, Lagos has convicted and sentenced a businessman, Segun Oyekanmi, Managing Director, Loben Investment Co-operative Multi-purpose Society Limited, to five years imprisonment for N30million fraud.

The convict alongside his company and one Ade Bosede ( still at large) had been arraigned on October 26, 2016, on a three-count charge bordering on stealing, conspiracy to steal and issuance of dishonoured cheques to the tune of N30 million.

Oyekanmi had collected the sum of N30m (Thirty Million Naira) from one Olufunke Dada, with an assurance that he wanted to give it to some traders as soft loans but instead diverted the money.

Dumebi Ifeanyi is a Publisher and Writer. A student of the school of Ruthless Pragmatism and a Computer Science Graduate. He is also an Alumnus of the Nigerian Institute of Journalism, Lagos. He is Passionate about Nigeria and has great interests in Governance and Politics.

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Updated on March 17, 2019 at 11:56 pm