Economic and Financial Crimes Commission, EFCC has revealed that it secured the conviction of B.T.D Multiglobal Limited for fraudulent misappropriation of N1billion received by the company from about 8,000 investors in Osun State.
According to the statement by the EFCC Director of Media and Publicity, Wilson Uwajeren, Justice Nathaniel Ayo-Emmanuel of Federal High Court sitting in Oshogbo found the company guilty of counts 1, 2, 3, 4, 5, 6 and 7 preferred against them by the agency
The court, while ordering the revocation of the certificate of incorporation of the company, ordered that the Corporate Affairs Commission should windup the company.
According to the judge, ‘the proceeds therefrom as well as the sum of N32million recovered in the course of investigation should be used to pay the investors’.
Similarly, the Ibadan Zonal Command of the EFCC, on Monday, November 22, 2021, secured thirteen convictions before different Justices of the Federal and State High Courts in Ibadan and Osogbo, the capital city of Oyo and Osun State.
The convicts are Abiodun Babatunde Sowunmi, Adeyemi Babatunde Hammed, Abeeb Abiola Badmus, Adebayo Akorede Saheed, Ganiyu Qudus Olawale and Omolade Ayemidotun Moses. Others are Taofeeq Toheeb Atanda, Oyekanmi Qudus Oyewale, Alabi Ifeoluwa Olamide, B.T.D Multi global Limited, Adewuyi Adetoun, Owolabi Toheeb Tolulope and Taiwo Shedrack Akpoyen.
The convicts were prosecuted on separate charges.
Justice Uche Agomoh of Federal High Court, Ibadan, found Sowunmi, Olawale, Omolade and Badmus guilty of offence of impersonation contrary to Section 22 (2)(b)(1) Cybercrimes (Prohibition, Prevention, Etc) Act, 2015 and punishable under Section 22 (2)(b) of the same Act.
While, Sowunmi and Olawale were sentenced to ten months imprisonment each, Omolade and Badmus bagged nine and six months imprisonment each.
In the same vein, Justice Ladiran Akintola of the Oyo State High Court, Ibadan, convicted Alabi, Atanda, Oyekanmi, Adeyemi and Adebayo on separate charges of obtaining property by false pretence contrary to Section 419 of the Criminal Code Cap 38 Laws of Oyo State, 2000.
The judge sentenced Alabi to a term of three months community service, while Atanda, Adeyemi, Adebayo and Oyekanmi bagged two months community service each.
