Man Bags 10 Years Jail Term For $179,000 Fraud

Justice Mojisola Dada of the State High Court sitting in Ikeja, Lagos, has convicted and sentenced one Lawrence Maduagwu to 10 years imprisonment for $179,000 fraud.

The convict was arraigned by the Economic and Financial Crimes Commission (EFCC),on a two-count charge bordering on stealing and obtaining by false pretence to the tune of $179,000.00.

Maduagwu was introduced to the complainant, PMC Industry Limited, a Chinese company, through its Nigerian representative, Ohio Ileogben, as a businessman who deals in calcium chloride chemicals.

He, however, failed to pay for the 500 metric tonnes of calcium powder valued at the sum of $179,000, after taking delivery of the items and efforts to get him pay for the goods were unsuccessful.

Count one reads: “That you, Lawrence Maduagwu, sometimes in 2013, at Lagos within the Ikeja Judicial Division, with intent to defraud, induced PMC Industry Limited, China to confer a benefit on you by supplying you 500 metric tonnes of calcium chloride powder valued at $179, 000.00 (One Hundred and Seventy-Nine Thousand US Dollars) on the understanding that you will pay for the goods .But up till now, you have refused to do so.”

The defendant pleaded not guilty to the charge, thereby leading to his full trial.

In the course of the trial, the prosecution counsel, S.O. Daji, called five witnesses and tendered several exhibits that were admitted in evidence by the court.

The defendant, however, testified for himself and also called two other witnesses.

During the sitting on June 19, 2019, parties adopted their final written addresses respectively.

Delivering her judgement yesterday, September 11, 2019, Justice Dada convicted and sentenced the defendant to seven years imprisonment on count one and three years on count two.

Both sentences are to run concurrently from the date of his remand( February 28, 2018) by the court.

The Judge also ordered that the convict make full restitution of $179,000 ( One Hundred and Seventy-nine Thousand Dollars), which the EFCC must employ all legal means to ensure compliance.

Author: News Editor

9843 stories / Browse all stories

Related Stories »

Provide your email below, and we will notify you the latest news freely.

sjdating    

calendar »

September 2019
M T W T F S S
« Aug   Oct »
 1
2345678
9101112131415
16171819202122
23242526272829
30