A 30-year-old fraudster identified as Gabriel Oluokun has been handed a 5 year jail sentence for defrauding a Taiwanese to the tune of $22,300 (Twenty-Two Thousand, Three Hundred United States Dollars).
The suspect was prosecuted by the Ibadan Zonal Office of the Economic and Financial Crimes Commission on a six-count amended charge of obtaining money by false pretence, after the anti-graft agency received a petition from one Nduka Lucious in which he alleged that the convict collected the sum of $22,300 from him in three installments on the agreement that he would supply 100 metric tonnes of sesame seed to one Victoria Xhung, a China-based Taiwanese businesswoman whom the petitioner represents in Nigeria.
Oluokun reportedly failed to deliver the product as promised and converted the sum to his personal use.
Justice Abdumalik who presided over the case, convicted the defendant on counts one to four, but acquitted him on counts five and six. Oluokun was sentenced to five years imprisonment on each of the four counts and they are to run concurrently.
The convict who will be forfeiting his Toyota Corolla to the Federal government, was also ordered to restitute his victim the sum of $22,300 with the caveat that the jail term would be extended by additional two years if he failed to refund the money.