An Ikeja High Court on Thursday sentenced one Lawrence Maduagwu to ten years imprisonment for defrauding a Chinese company of $179,000.
Justice Mojisola Dada convicted Maduagwu of a two-count charge bordering on stealing and obtaining by false pretence brought against him by the Economic and Financial Crimes Commission .
The convict was arraigned on February 28, 2018, on a two-count charge bordering on stealing and obtaining by false pretence to the tune of $179,000.00. Maduagwu was introduced to the complainant, PMC Industry Limited, through its Nigerian representative, Ohio Ileogben, as a businessman who deals in calcium chloride chemicals.
He however failed to pay for the 500 metric tonnes of calcium powder valued at the sum of $179,000, after taking delivery of the items and efforts to get him pay for the goods were unsuccessful. One of the charges against the convict stated: “That you, Lawrence Maduagwu, sometime in 2013, at Lagos within the Ikeja Judicial Division, with intent to defraud, induced PMC Industry Limited, China to confer a benefit on you by supplying you 500 metric tonnes of calcium chloride powder valued at $179, 000.00 on the understanding that you will pay for the goods .But up till now, you have refused to do so.”In the course of the trial, the prosecution counsel, S.O.
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