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Court Jails Man Five Years for $1,049,251.84 Fraud

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Edwin Eriye

One Agustine Ighodalo, was yesterday convicted and sentenced to 5 years imprisonment by the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Office of retention of proceeds to the tune of $1, 049, 251. 84.

The convict, who was dragged before Justice Sherifat Solebo of the special offences court sitting in Ikeja, Lagos ,was arraigned on September 26, 2019 on a three-count charge bordering on “transfer of criminal proceeds to a nominee” following intelligence received by the commission from the Federal Bureau of Investigation (FBI).

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