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HomeFraudLagos Businesswoman Convicted For N47.6m Fraud

Lagos Businesswoman Convicted For N47.6m Fraud

An Ikeja Special Offences Court sitting in Lagos State has convicted a businesswoman, Blessing Adanu, for defrauding a woman of N47.6m on the pretext of supplying her agricultural produce in the state.

The judgment was delivered by Justice Mojisola Dada on Monday.

The businesswoman was convicted on two counts of obtaining money by false pretences and stealing preferred against her by the Economic Financial Crimes Commission.

According to the judge, the statements the convict made during interrogation and other evidences made available to the court proved all the essential ingredients of obtaining by false pretences and stealing.

It was gathered that the convict defrauded her victim by falsely using the name of the Emerald Multipurpose Cooperative Society.

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Delivering the judgment, Dada said, “As noted by the prosecution, most economic and financial crimes arose from transactions that had a semblance of contractual transactions.

“But along the line, a lot of factors came in to derail the smooth sail when the heart of man begins to dialogue with the devil to outsmart another person and he succumbs to it.

“The defendant’s oral testimony in court that the agribusiness was affected by flooding and Fulani herdsmen attack was an afterthought. She wanted to be living big at the expense of other people without counting the cost.

“Although the defendant seems to have absconded, having jumped bail graciously granted her by this court, the truth is that she cannot run away from justice.”

Furthermore, Dada pronounced that, “I hereby declare the defendant guilty as charged on the two counts.”

Meanwhile, the convict’s sentencing was suspended in accordance with Sections 321 and 352 (5) of the Administration of Criminal Justice Act, 2015, in conjunction with Section 278 (1) of the ACJ Law 2015, pending when she would be apprehended and brought before the court.

Dada, thereafter, issued a bench warrant for Adanu’s arrest and ordered that the EFCC should declare her wanted.

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