Man Bags Six Months Jail Term For N1.2m Stock Fraud | Welcome to Linda Ikeji's Blog

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Friday, 23 October 2015

Man Bags Six Months Jail Term For N1.2m Stock Fraud

Press statement from EFCC
The Economic and Financial Crimes Commission, EFCC, on Thursday, October 22, 2015, secured the conviction of one Bashir Olumuyiwa, Managing Director, Asset Multipliers and Growth Concept Limited, before Justice Abubakar Idris Kutigi of the Federal Capital TerritoryHigh Court, Abuja. The convict was arraigned on May 21, 2015 on an amended five-count charge of criminal breach of trust to the tune of N1, 236,000.00 ( One Million Two Hundred and Thirty-Six Thousand Naira).

The offence is punishable under Section 312 of the Penal Code. One of the counts reads: “That you Bashir Olumuyiwa on or about the 5th day of February, 2008 at Abuja within the Abuja judicial division of the High Court of the Federal Capital Territory being entrusted with an Oando Share certificate valued at N310,000.00k( Three Hundred and Ten Thousand Naira), property of one Mr. Enoman Otom given to you for the purpose of stock trading, sold the shares and dishonestly converted the proceeds to your own use and thereby committed an offence punishable under section 312 of the Penal Code Law Cap 532 laws of the Federation of Nigeria( Abuja) 1990”.

Delivering his judgment, Justice Kutigi discharged and acquitted the convict on counts one, two and five; but found him guilty on counts 3 and 4 and sentenced him to six months imprisonment on both counts The convict was also ordered to pay the sum of N236, 000.00 in restitution to the victim.

34 comments:

Debbie Chelsea said...

Enjoy ur stay in jail

Pro Great said...

Hmmmm lekwa ego


That vuvuzela P guy

Amaka Ngenegbo said...

Sorry man, enjoy your stay in Jail.












#TeamBlessed#

Lucia Mmadu said...

Hmmmmmmmm
Corruption everywhere

Amaka Ngenegbo said...

Sorry man, enjoy your stay in Jail.












#TeamBlessed#

olufemi awolaru said...

Nigeria Stupid judges re so unfair. Igbinedo's son was given an option of fine in his own case now. Thats d reason some of them dont end well.

ary said...

Davido's driver

glowy shoe said...

some people should fear God when they are commiting crime

Glowyshoes's blog

My Facebook

Anonymous said...

YORUBA DISEASE

freeborn zinalima said...

Yoruba i throw up my fat ass for u people the way you people loot,steal and fraud make me wonder if its what God created una for.
They should release him an arrested those imbecilic moneticians.























#sad indeed

Sugarvie said...

Justice!



#sucre

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Juliet Iwuno said...

Serves him right. Linda take note!

Juliet Iwuno said...

Serves him right. Linda take note!

ROYAL PRIESTHOOD said...

Sentence well deserve...

Bonita Bislam said...

Good riddance to bad rubbish

Babywhite said...

Why is he flying a private jet? All these at the expense of Nigerian economy.

SMURF said...

6months is too small?

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Nathaniel Shok said...

The charges is just nothing na.

Daizy Madubuko said...

Only greed can lure someone into fraud. People seem to be growing lazy working (I mean genuinely working) for their money.

timileyin blessing said...

Good,this should serve as a lesson to others. TIMILEYIN BLESSING

BONARIO NNAGS said...

Change is here, and EFCC is working.


~BONARIO~says so via NOKIA LUMIA

ed DREAMZ said...

a.k.a EDWIN CHINEDU AZUBUKO said...
.
Ordinary citizens are caught but the fg are always let free.... Rubbish asshole.... #NowPlaying>> hey mama: maytronomy..
.
.
***CURRENTLY IN JUPITER***

anita gold said...

Ok

Ngene Olivia said...

SErves him well




















#It WiLL oNLy gET beTTer
#iT mUsT eNd iN prAiSe

Nnenne George said...

EFCC news has completely taken over now.. Am happy they're working. But I feel the need to arrest more of the government criminals..

Ogbewe Godfrey said...

Normal, show as lesson to others

Aderinto Imole said...

hmmmm GOD DON CATCH AM

Aderinto Imole said...

i love you linda ikeji come and marry me

NaijaDeltaBabe said...

Him too try

nkechi said...

I think say na only ibo people de tif

Jeff Chukwu said...

1.2 milla abi. But man wey thief goat go dey prison for 3 years. Hmm Naija dere is God ooo

Anonymous said...

Lol

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