Banker Bagged 8 Years Jail Term For N12m Fraud (See Photo)
The Economic and Financial Crimes Commission, EFCC, has secured the
conviction of one Balogun Olaitan and his company, Disok International
Limited, before Justice M.T.M. Aliyu of the Kaduna High Court.
The convicts were docked on a six-count charge of
obtaining money under false pretense to the tune of N12m( Twelve Million
Naira), which is contrary to section 1(1) (a) and punishable under
section 1( 3)of the Advanced Fee Fraud and Other Fraud Related Offenses
Act, 2006.
Until his arrest and prosecution by the EFCC, Olaitan, who operated a ‘wonder bank’, had specialized in collecting money from unsuspecting victims, with promises of attractive return on their investments.
Until his arrest and prosecution by the EFCC, Olaitan, who operated a ‘wonder bank’, had specialized in collecting money from unsuspecting victims, with promises of attractive return on their investments.
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