Couple sentenced to 80 years in prison for N53m Fraud
In a bizarre case, a couple, Ebiesuwa Abayomi Fredrick and his wife, Tinuola Idayat Oyegunle, have been sentenced to 40 years imprisonment each for scamming one Dunni Olateru Olagbegi N53,713,260.00 (Fifty-Three Million, Seven Hundred and Thirteen Thousand, Two Hundred and Sixty Naira) in cash and bank transfer.
Justice Joyce Abdulmalik of Federal High Court sitting in Ibadan, Oyo State on February 15, 2021, found them guilty on all four counts of conspiracy and obtaining by false pretence brought against them by the Ibadan Zonal office of the Economic and Financial Crimes Commission.
Couple Bags 40 Years Jail Term for N53m Fraud— EFCC Nigeria (@officialEFCC) February 15, 2021
A couple, Ebiesuwa Abayomi Fredrick and his wife, Tinuola Idayat Oyegunle, have been sentenced to 40 years imprisonment each. pic.twitter.com/GkeG1KIRkg
The victim had sometimes in May 2013, boarded a taxi cab with three other passengers who, unknown to her, were members of a syndicate of fraudsters.
As soon as she entered the vehicle, she heard the three other supposed passengers arguing about a Ghana-Must-Go bag filled with US Dollars in the boot of the car.
Moments later, one of the syndicate members told her that she must be cleansed to avert sudden and mysterious death having heard their discussion.
She was taken to an unknown destination, where she subsequently started giving the defendants, and the other members of the syndicate (at large) various sums in cash and bank payment totalling N53,713,260.00 (Fifty-Three Million, Seven Hundred and Thirteen Thousand, Two Hundred and Sixty Naira) to buy instruments for the cleansing of United States Dollar notes, which she allegedly sourced from the sale of her properties in both Ibadan and Lagos.
In the course of the investigation, it was discovered that over N9m was paid into the second defendant, Tinuola Idayat Oyegunle’s account domiciled in one of the third generation banks; apart from other funds traced to the first defendant, Ebiesuwa Abayomi Fredrick’s account.
It was also discovered that the first defendant built Victoria East Park Hotel & Suite located at Igbogbo, Ikorodu, Lagos State from the proceeds of the crime.
In his judgment, Justice Abdulmalik found the couple guilty of the four-count charge and sentenced both of them to 10 years imprisonment on each of the four counts.
However, while Ebiesuwa’s prison term takes effect from June 19, 2017, when he was arrested, Tinuola’s time in the Custodial Centre will start counting from May 26, 2017 when she was arrested.
Because the sentences run concurrently, the couple will spend less than 10 years in prison.
The Judge also ordered that Victoria East Park Hotel & Suite, “be sold and the proceed, if not up to N53,713,260.00 be returned to the victim in the case and if it exceeds, the balance be paid into the Federal Government’s account”.