Businessman jailed two years for stealing N9m

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Businessman jailed two years for stealing N9m
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The Lagos State Special Offences Court in Ikeja, on Thursday, sentenced a businessman, Olarenwaju Gbadamosi, to two years’ imprisonment for stealing N9m.

Gbadamosi was sentenced by Justice Mojisola Dada after pleading guilty to an amended charge of a money by false pretences preferred against him by the Economic and Financial Crimes Commission.According to the EFCC, the offence is contrary to Section 390 of the Criminal Code, Cap C17, Vol. 2, Laws of Lagos State of Nigeria, 2003

The EFCC counsel, Mohammed Hussain, informed the court of the plea bargain agreement and urged it to adopt the same in sentencing Gbadamosi accordingly. Gbadamosi’s counsel, Ademola Aderinle, while pleaeding with the court to temper justice with mercy, noted that the convict was a first time offender, who regretted his action.She said, “Upon the completion of the term, the convict should enter into a bond with the Economic and Financial Crimes Commission to be of good behaviour and never to be involved in economic and financial crimes, illegitimate or criminal activities within and outside the shores of the Federal Republic of Nigeria.

“The convict will forfeit his property situated at No. 9 Lawal Mohammed Street, Alimosho Local Government Area of the state as payment in the sum of N8m as the final restitution to the nominal complainant.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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