Lagos businessman bags two years imprisonment for stealing N18m | The Guardian Nigeria News - Nigeria and World News

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Justice Oluwatoyin Taiwo of a Lagos Special Offences Court, Ikeja, yesterday, sentenced a cryptocurrency trader, Shola Henry, to two years imprisonment for stealing N18.460 million.

The judge found him guilty of stealing in a charge brought against him by the Economic and Financial Crimes Commission .

The court discharged him from count one to six, bordering on obtaining money by false pretenses, but he was convicted on count seven, bordering on stealing by fraudulent conversion.The judge held that the defence was able to prove that the convict was paying his clients when the market was good, until it became unpredictable.

Onikosi told the court that the convict was a first time offender and has children who depend on him. After considering the allocutus of the defence counsel and submission of the prosecution, the judge convicted and sentenced the defendant as charged. He told the court that afterwards, at different times he transferred money to the defendant totalling N18,450,000.

 

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