EFCC arrests man over N81m fraudulent oil deal | Independent Newspapers Limited
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EFCC arrests man over N81m fraudulent oil deal

Posted: Apr 24, 2015 at 2:00 am   /   by   /   comments (0)

By Emmanuel Udom, Lagos

Operatives of the Economic and Financial Commission, (EFCC) have arrested a suspected fraudster, Julian Ndubueze Ezeji, for allegedly swindling one Onyeka Okoye of over N81 million in a phony oil transaction.

Head, Media and Publicity of the EFCC, Wilson Uwujaren, in a press statement on Thursday, said Ezeji, 62,   native of Ibeme, Isiala-Mbano Local Government Area of Imo State, fraudulently presented himself as a petroleum dealer and approached Okoye to supply his company, Initial Energy Nigeria Limited.

The EFCC said the suspect, however, failed to honour the promise since April, 2014, nor make a refund, saying the suspect would be charged to court as soon as investigation is concluded.

In a related development, a female staff of a popular eatery, Oluremi Olayinka, was on Thursday convicted and sentenced to 266 years imprisonment by Justice A.A Akinyemi of Ogun State High Court, Abeokuta, Ogun State.

Olayinka was alleged to have stolen N8 million belonging to her employer, an offence which runs contrary to sections 390(6)(7)(8), 467 and 468 of the Criminal Code Law Cap 29, Laws of Ogun State.

The court found her guilty on all the 34-count charge, and was sentenced to seven years on each of 30 counts and 14 years on the remaining four charges.

The sentences are to run concurrently. Additionally, Justice Akinyemi ordered her to return the money she stole in restitution to her victim.