Court jails man for defrauding business partner N18.3m in Lagos
The Ikeja special offences court in Lagos has sentenced one Olufunsho Aladenola to 17 months in jail for defrauding his business partner of N18.3 million.
Mojisola Dada, the trial judge, sentenced Aladenola on Tuesday after he pleaded guilty to an amended three-count charge bordering on stealing and forgery.
THE CHARGE
On April 26, 2023, the Economic and Financial Crimes Commission (EFCC) arraigned Aladenola on a 14-count charge bordering on fraud and forgery.
He pleaded not guilty when the charge was read to him.
The EFCC said the offences contravened sections 278, 285 and 363 of the criminal law of Lagos state, 2015.
After the trial commenced, Aladenola changed his plea of not guilty to guilty in a plea bargain agreement.
Tinuke Daramola, the EFCC counsel, told the court that the defendant had refunded N12 million to the complainant.
Daramola said the convict converted the property of the complainant — Olabisi Akinmola — to his personal use.
The judge adopted the plea bargain agreement and sentenced the defendant without an option of fine.
The judge further ordered the convict to refund an outstanding balance of N6 million to the complainant.
