Courts convicts, sentences man to 10 years jail term for $179,000 Fraud

A certain Lawrence Maduagwu was sentenced by Justice Mojisola Dada of the State High Court sitting in Ikeja, to 10 years imprisonment for $179,000 fraud.

The convict was arraigned by the Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Wednesday, February 28, 2018, 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.

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.

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