Kayode Ketefe of the Punch Newspaper of Nigerian reported that Justice Joseph Oyewole of the High Court of Lagos, Ikeja Division, Nigeria, on Friday, senticed Christian Mbagwu to 54 years imprisonment for defrauding a Saudi Arabian businessman, Mr. Hassan Satoohi.
The court also mandated him to return $32,000 as restitution to the victim of the crime.
Mbagwu had been arraigned by the Economic and Financial Crime Commission of Nigeria together with Emmanuel Oguine on a 34-count charge that borders on conspiracy, obtaining money by false pretences and forgery.
The offences are contrary to sections 516, 419, 467 and 468 of the Criminal Code Law of Lagos State of Nigeria 2003.
Mbagwu’s conviction came after the accused changed his plea of “not guilty” to “guilty”. After accepting his plea of guilt, the court sentenced him to five years on each of the first 32 counts while sentencing him to two years each on each of the remaining two offences.
The terms of the sentence were to run concurrently, indicating that Mbagwu would only spend five years in prison. The sentence was also made to start running from February 2005 – the date his first arrest. In the charge, Mbagwu was alleged to have collaborated with Oguine and obtained about $350,000 from Satoohi between 2002 and 2005.
Mbagwu was said to have obtained the money in numerous tranches from Satoohi whom he deceived to part with the sum by claiming that he had $30m in secret account and that he would transfer the sum into Satoohi foreign account under some bogul deal.
To facilitate the fraud, the convict also forged a “contractor’s certificate of registration” and purported it to have been issued by the Nigerian National Petroleum Corporation.
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3 comments:
You know I dont mean any harm but if someone was able to wean that amount of money from someone then they didnt want the money to start with.
Now tell me what is gods name did Mr. Mbagwu do with all that money and do they really expect him to pay this money back..... this man will be stinking rich when he comes out of jail, well if he lives to see day light again.
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~Kin'Shar
Well crime is bad
that is all we can say
less keep on fighting it and we will get a good result
Thank you
anonymous
mmmh but they have to obey our law
Kin'shar
You are a very wanderful writer, your blog looks great and all that.
Thank you for visit, i pray you have more power to write wanderfully.
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