Wednesday, August 3, 2022
An Ikeja Particular Offences Court docket on Wednesday sentenced a cryptocurrency dealer, Shola Henry, to 2 years imprisonment for stealing N18. 4 million.
Handing over a ruling, Justice Oluwatoyin Taiwo gave the defendant an choice of beautiful in the sum of N2 million in lieu of serving detention heart time length on the Ikoyi Custodial Centre.
Mr Taiwo held that the court docket took repeat of the allocutus of the defence counsel and submissions of the prosecution in sentencing Mr Henry.
The mediate ordered the convict to repay the nominal complainant N18.4 million within six months.
She also ordered the forfeiture of the defendant’s iPhone to the federal executive.
The Financial and Financial Crimes Commission (EFCC) filed an amended seven-count worth against the defendant bordering on stealing and obtaining money beneath false pretences.
EFCC counsel Ahmed Yerima submitted that the defendant defrauded his victim of the sum of N18.4 million in a purported cryptocurrency transaction.
Mr Henry had pleaded no longer guilty to the pricetag on arraignment.
Mr Yerima then informed the court docket that the commission obtained a petition from one of his victims alleging that the defendant defrauded him of the talked about sum beneath the guise that he would procure 20 per cent return in 60 days.
The prosecution referred to as five witnesses thru whom several documentary evidences were tendered against the defendant.
The anti-graft agency alleged that as an different of transacting the industry, Mr Henry diverted the money for his private use thru his firm, Henry Enterprise Idea.
The defence counsel, Adeola Onikosi, informed the court docket that his consumer modified into as soon as a first-rate time culprit and had formative years who depend on him.
Nonetheless the EFCC counsel disagreed with the defence, declaring that the defendant modified into as soon as a second time culprit.
Mr Yerima also prayed the court docket to repeat the defendant to attain restitution to the nominal complainant and for forfeiture of items recovered from him.
The prosecutor talked about the offences contravened Sections 1(1) (a) 1(3) of the Superior Rate Fraud And Other Linked Offences 2006 and 287 (1)(2) of the Prison Rules of Lagos Converse 2015
(NAN)
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