Ex-council Boss Bags 70 Years Jail Term For N41.1m Fraud, Ex-banker Bags 12 Years For N6bn Scam (Photo)

Justice Joyce Abudmalik of the Federal High Court, sitting in Ibadan Oyo State, has convicted Ademola Oni, a former banker with the Wema Bank, and sentenced him to 12 years imprisonment for conspiracy and money laundering.

The court also rules that he forfeits all his properties and cash in various banks as proceeds of the crime. Ademola when he was arraigned by the EFCC for conspiring to steal and conceal mutilated and defaced local currency amounting to N8bn from CBN.

He, however, entered into a plea bargain andpleaded guilty to 5 of the 24 amended count charges brought against him. Justice Abudmalik convicted him and sentenced him to two and half years on each of the five counts accordingly. The sentences are to run concurrently.

Also, Ibrahim Buba Gayius, the former local government boss and chief accounting officer of Hong local government council Adamawa State, has been convicted by Justice B. B Aliyu of Federal High Court, Yola, on 10 count charge bordering on conspiracy, embezzlement and diversion of public funds, Fraud and abuse of office to the tune of N41.1m.

Gayius was earlier arraigned on March 2015, for alleged collection of N50m agric loan on behalf of the members of the staff of the council but instead, he gave out less than N10m to them and diverted the remaining amount for his personal use.

Justice Aliyu sentenced him to 70 years imprisonment on each of the 10 count charge and the sentence to run concurrently. He was also ordered to return N38.4m back to Hong local government council.