1
00:00:00,120 –> 00:00:03,759
Speaker 1: Two separate courts at a Baden in Oyo State, Nigeria,

2
00:00:03,839 –> 00:00:07,120
have sentenced to man Oliny and benger Amos to one

3
00:00:07,200 –> 00:00:11,199
hundred and thirty eight years imprisonments for committing criminal Ponzi

4
00:00:11,320 –> 00:00:15,759
investments fraud, which the Economic and Financial Crimes Commission e

5
00:00:15,919 –> 00:00:19,879
FCC described the convict as a multiple and serial investment

6
00:00:20,039 –> 00:00:23,960
fraudster who was convicted and sentenced to seventy five years

7
00:00:24,039 –> 00:00:27,960
imprisonment by Justice BeO Taiwoh of the Oyo State High

8
00:00:28,039 –> 00:00:32,000
Court a Baden for Ponzi fraud offense on December fourteenth,

9
00:00:32,079 –> 00:00:35,840
twenty twenty three, and Justice Olisola Additor Joie of the

10
00:00:35,880 –> 00:00:39,759
Oyo State High Court sitting in Abaden on Monday April

11
00:00:39,799 –> 00:00:43,960
twenty eighth, twenty twenty five, while ruling on separate and

12
00:00:44,039 –> 00:00:48,240
similar charges and crimes, convicted and sentenced Dolany and benger

13
00:00:48,359 –> 00:00:53,320
Amos to sixty three years jail term for multiple investment fraud,

14
00:00:53,399 –> 00:00:56,640
with the convicts still awaiting two more rulings for crimes

15
00:00:56,640 –> 00:01:00,600
of same nature from federal high courts in Abaden State.

16
00:01:01,439 –> 00:01:04,680
Details of the reporters contained in the news release made

17
00:01:04,719 –> 00:01:07,879
available by the Public Relations Unit of the Economic and

18
00:01:07,959 –> 00:01:14,480
Financial Crimes Commission EFCCA reads verbatim below serial investment fraudster

19
00:01:14,640 –> 00:01:18,680
bags sixty three years in a Baden justice Olisola Aditor

20
00:01:18,760 –> 00:01:21,719
Joye of the Oyo State High Court sitting in Obaden

21
00:01:22,079 –> 00:01:25,599
on Monday April twenty eighth, twenty twenty five, convicted and

22
00:01:25,680 –> 00:01:29,239
sentenced Olini and benger Amos to sixty three years jail

23
00:01:29,400 –> 00:01:33,760
term for multiple investment fraud. He was convicted alongside his

24
00:01:33,920 –> 00:01:38,239
firm De Torrent Heritage Investment Limited. They were prosecuted on

25
00:01:38,359 –> 00:01:41,480
thirty count charges by a Baden Zonal Directorate of the

26
00:01:41,519 –> 00:01:47,120
Economic and Financial Crimes Commission EFCC bordering on obtaining by

27
00:01:47,239 –> 00:01:52,159
false pretenses an offense contrary to section one one unpunishable

28
00:01:52,239 –> 00:01:55,400
under section one three of the Advanced Fee Fraud and

29
00:01:55,480 –> 00:01:59,879
Other Fraud Related Offenses Act two thousand and six. County

30
00:02:00,200 –> 00:02:03,599
one of the charge reads that euliny In benger Amos

31
00:02:03,640 –> 00:02:06,959
and De Torred Heritage Investment Limited, Honor, about eighteenth of

32
00:02:07,079 –> 00:02:11,199
June twenty twenty at Abaden, within the jurisdiction of this

33
00:02:11,319 –> 00:02:14,479
honorable Court, with intent to defraud obtain the sum of

34
00:02:14,639 –> 00:02:18,240
nine hundred and ninety five thousand miras nine hundred and

35
00:02:18,319 –> 00:02:22,000
ninety five thousand narra only from Bada Titlope when you

36
00:02:22,120 –> 00:02:24,960
falsely represented to him that the money is meant for

37
00:02:25,039 –> 00:02:29,039
registration and investment with Crime Alert Security Network with a

38
00:02:29,080 –> 00:02:32,759
promise of thirty percent return on investment in six weeks

39
00:02:33,039 –> 00:02:36,800
thirty working days, which representations you knew to be false,

40
00:02:36,879 –> 00:02:40,560
and thereby committed an offense of obtaining money under false

41
00:02:40,599 –> 00:02:45,439
pretense contrary to Section one one, unpunishable under Section one

42
00:02:45,680 –> 00:02:48,800
three of the Advanced Fee Fraud and Other Fraud Related

43
00:02:48,840 –> 00:02:53,639
Offenses Act two thousand and six. Another charge reads that

44
00:02:53,639 –> 00:02:57,639
euliny In benger Amos and de torrent Heritage Investment Limited, Honor,

45
00:02:57,639 –> 00:03:02,120
about twenty ninth of January twenty twenty, at Abaden, within

46
00:03:02,199 –> 00:03:05,639
the jurisdiction of this Honorable Court, with intent to defraud,

47
00:03:05,680 –> 00:03:08,680
obtain the sum of nine hundred and twenty thousand NRAs

48
00:03:09,080 –> 00:03:13,479
nine hundred and twenty thousand nirah only from Honofade Isaac Olawale,

49
00:03:14,000 –> 00:03:16,560
when you falsely represented to him that the money is

50
00:03:16,680 –> 00:03:20,919
meant for registration and investment with Crime Alert Security Network

51
00:03:21,000 –> 00:03:24,159
with a promise of thirty percent return on investment in

52
00:03:24,280 –> 00:03:28,400
six weeks thirty working days, which representations you knew to

53
00:03:28,439 –> 00:03:31,919
be false and thereby committed an offense of obtaining money

54
00:03:32,039 –> 00:03:36,680
under false pretense contrary to section one one per unpunishable

55
00:03:36,759 –> 00:03:39,960
under Section one three of the Advanced Fee Fraud and

56
00:03:40,039 –> 00:03:44,159
Other Fraud Related Offenses Act two thousand and six. The

57
00:03:44,240 –> 00:03:47,120
defendant pleaded not guilty to the charges when they were

58
00:03:47,159 –> 00:03:51,879
read to him. Consequent upon his plea, the EFCC Council

59
00:03:52,199 –> 00:03:56,759
Senousi Galadanci opened the case on February seventeenth, twenty twenty two,

60
00:03:56,800 –> 00:04:00,759
and called eight eight witnesses, tended severally exhibits that were

61
00:04:00,800 –> 00:04:04,120
marked Exhibits eight to h, and closed the case on

62
00:04:04,240 –> 00:04:07,840
January twenty fourth, twenty twenty three. At the end of

63
00:04:07,879 –> 00:04:12,639
the prosecution’s case, the defendant Filder no case submission, but

64
00:04:12,800 –> 00:04:14,919
was thrown out as the defendant was ordered by the

65
00:04:14,960 –> 00:04:19,600
court to enter his defense. Subsequently, the defendant opened and

66
00:04:19,680 –> 00:04:23,319
closed its case on October seventeenth, twenty twenty four, where

67
00:04:23,360 –> 00:04:27,639
the first defendant testified for himself and on behalf of

68
00:04:27,680 –> 00:04:31,680
the second defendant as a lone witness. The court, after

69
00:04:31,720 –> 00:04:35,480
the presentation of the defendant’s case, adopted the final written

70
00:04:35,480 –> 00:04:38,959
addresses of both parties as judgment was reserved till April

71
00:04:38,959 –> 00:04:42,680
twenty eighth, twenty twenty five. At the resumption of the

72
00:04:42,720 –> 00:04:46,800
trial on Monday, April twenty eighth, twenty twenty five, Justice

73
00:04:46,839 –> 00:04:50,519
Additor joy A convicted and sentenced Abos to seven seven

74
00:04:50,720 –> 00:04:56,680
years imprisonment on each count of six sixteen, seventeen, eighteen, nineteen,

75
00:04:57,120 –> 00:05:00,879
twenty one, twenty two, twenty three A and twenty four,

76
00:05:00,959 –> 00:05:15,480
but discharged and acquitted the defendant on counts one, two, three, four, five, seven, eight, nine, ten, eleven, twelve, thirteen, fourteen, fifteen, twenty,

77
00:05:15,839 –> 00:05:20,839
twenty five, twenty six, twenty seven, twenty eight, twenty nine,

78
00:05:20,920 –> 00:05:25,439
and thirty respectively. Furthermore, the court ordered that the sentence

79
00:05:25,439 –> 00:05:29,319
should run concurrently and the convict must restitute the victims.

80
00:05:29,600 –> 00:05:33,800
Amos was convicted and sentenced to seventy five seventy five

81
00:05:34,040 –> 00:05:37,680
years imprisonment by Justice BeO Taiwoh of the Oyo State

82
00:05:37,759 –> 00:05:41,360
High Court a barden for similar offense on December fourteenth,

83
00:05:41,399 –> 00:05:45,639
twenty twenty three. The convict has two other ongoing trials

84
00:05:45,680 –> 00:05:50,439
before federal high courts in Obaden, Oyo State. Another journey

85
00:05:50,439 –> 00:05:53,240
by the convict to the correctional center began when he

86
00:05:53,319 –> 00:05:56,959
was arrested and arraigned before Justice Honisola aditor Joie on

87
00:05:57,000 –> 00:06:02,000
December fourteenth, twenty twenty one. By the EFI. He swindled

88
00:06:02,079 –> 00:06:05,879
several individuals under the pretext of investment ventures that led

89
00:06:05,920 –> 00:06:07,759
to the loss of money to the tune of over

90
00:06:07,879 –> 00:06:14,240
one billion miers by investors posas one lady bringing you

91
00:06:14,519 –> 00:06:16,600
bringee in a mortgi thou Mini