Fraudster Bags 63 Years Jail Term for Stealing N4.9m


Justice Oluwatoyin Ipaye of the Lagos State High Court sitting in Ikeja yesterday convicted and sentenced one Benjamin Segun Bright to 63 years imprisonment without option of fine.

The convict was arraigned on July 10, 2012 by the Economic and Financial Crimes Commission (EFCC), for stealing the sum of N4,994,000( Four Million, Nine Hundred and Ninety-Four Thousand Naira only) from various investors, whom he deceived, by making them believed that their money would be invested in his purported companies.

The convict pleaded not guilty at the point of arraignment. He went through trial and was found guilty of all the twenty-one count charges preferred against him.

Justice Ipaye sentenced the convict to three years imprisonment on each of the 21 count charges without option of fine. The sentences are to run concurrently.

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