Home FEATURED N22.5m Fraud: Two Bag Seven Years Jail Term Each

N22.5m Fraud: Two Bag Seven Years Jail Term Each

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The Economic and Financial Crimes Commission, EFCC, Lagos zonal office, on Monday, March 23, 2020 secured the conviction and sentencing of David Obi and Sunday Onuigwe to seven years imprisonment each before Justice Olabisi Akinlade of State High Court sitting in Ikeja, Lagos for N22.5Million fraud.

The convicts were found guilty of the five-count charge preferred against them by the EFCC.
The convicts were arraigned sometimes in 2012 by the anti-graft agency on five counts which bordered on conspiracy to obtain money by false pretence and obtaining money by false pretence.
They however pleaded not guilty to the charges.

One of the charges reads: “That you David Obi, Sunday Onuigwe and Anthony Woke (now at large) on or about the 21th July, 2011 at Lagos within the Ikeja Judicial Division with intent to defraud did obtain the sum of N6,900,000.00 (Six Million, Nine Hundred Thousand Naira) from Chris Ubosi, the Managing Director of Megalectrics Limited by falsely representing that you had a property at Old GRA Port Harcourt, Rivers States to sell and the said sum represented part payment of the purchase price of N30,000,000 (Thirty Million Naira) which representation you knew to be false.”

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