Justice Mojisola Dada of a Special Offences Court in Lagos has convicted and sentenced a businessman, Alh Gbadamosi Sikiru Olarenwaju to two years imprisonment over stealing of N9m.
The judge handed down the verdict after the convict pleaded guilty to one count charge of obtaining money by false pretence.
Also, the court noted in his judgement that upon completion of serving 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 act within and outside the shores of the Federal Republic of Nigeria.
Justice Dada who noted that the imprisonment shall run from the date of his formal arraignment in 2019, however, grant the convict an option of fine of one million naira.
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The Economic and Financial Crimes Commission, EFCC, arraigned the convict on an amended charges of a count information of stealing.
According to the anti graft agency, the convict on the 19th of November, 2010 in Lagos within the jurisdiction of the court with a dishonest intent stole the sum of nine million naira from one John Stevens.
The anti graft agency said that the offence is contrary to Section 390 of the Criminal Code Cap C17 Vol. 2 Laws of Logos State of Nigeria, 2003
During the arraignment, EFCC Counsel, Mohammed Hussain told the court of an amended charges from two count to one and urged the court to take the convict plea.
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When the charge was read to the convict, Gbadamosi Sikiru Olarenwaju, he pleaded guilty.
Upon his plea, EFCC Counsel informed the court of a plea bargain agreement with the convict and pray court adopt same in sentencing’ him accordingly.
The development which the convict counsel, Ademola Aderinle concede to, while pointing out that the convict is a first time offender who has regretted his actions.
In his judgement, Justice Mojisola Dada ordered the forfeiture of the convict property situated at No. 9 Lawal Mohammed Street, Alimosho Local Government Area of the State as payment in the sum of eight million naira as the final restitution to the nominal complainant.
