Man Jailed In Lagos For 168 Years For N2.5M FRAUD

A man named Olaolu Salau, was on Monday sentenced to 168 years imprisonment with hard labour for defrauding a Lagos based businessman, Solomon Ayoola to the tune of N2.5 million by a Lagos High Court sitting in Ikeja.
Justice Adeniyi Onigbanjo gave the verdict following a  plea-bargain arrangement between the convict and the Economic and Crimes Commission (EFCC).
The judge, in sentencing Salau after he pleaded guilty to an amended 24-count charge preferred against him by the anti-graft agency, ordered that the convict serve seven years each to the 24-count at Kirikiri prison, Lagos. Justice Onigbanjo however ordered that the sentence  run concurrently starting from December 11, 2007 being the date he was arrested by the EFCC.
The convict is also to pay restitution to the sum of N2.5 million to the victim, who has already paid the sum of N400,000 to the EFCC.
He is to pay the money within a year from his release from prison.
According to the charge dated May 6 and filed on May 7, 2013  by the EFCC,  the convict was charged with  conspiring with four others with intent  to defraud the businessman between June and November 2006 various sum of money.
The  offence, the anti-graft agency  said,  contravened  section 419 of  advanced fee fraud and miscellaneous  offences.