The Economic and Financial Crimes Commission (EFCC) on Monday, March 16, arraigned an ex-convict, Oluokun Gabriel Adekola, before the Lagos state special offences court sitting in Ikeja, over ₦12 million theft.
The defendant was arraigned by the Lagos zonal directorate of the EFCC before Justice Rahman Oshodi on charges bordering on the concealment and disguise of illicit funds.
According to the commission, Adekola collaborated with others, still at large, to conceal the origin of ₦12 million paid into his account by converting and transferring the funds to cash through Point of Sale (POS) agents.
The amount is part of ₦3 billion stolen from accounts at one of the new generation bank through unauthorized access and fraudulent activities carried out via the bank’s mobile applications.
He pleaded guilty when the charges were read to him.
Adekola had previously been sentenced to five years imprisonment in 2020 by Justice Joyce Abdulmalik of the federal high court in Ibadan, Oyo state, for defrauding a Taiwanese lady residing in China.
The scam involved a payment of $22,300 for the supply of 100 metric tons of sesame seeds.
He was arraigned on a six-count charge bordering on obtaining money under false pretence and money laundering.
Justice Abdulmalik found him guilty on counts one to four, sentencing him to five years on each count to run concurrently, while discharging and acquitting him on counts five and six.
The court further ordered the restitution of $22,300 to the victim, with a two-year sentence extension for non-payment, alongside the forfeiture of his Toyota Corolla car to the federal government.
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