Court Jails Serial Fraudster For Failure To Declare Properties

Hamilton Nwosa
Writer

Ad

Oil Price Structure Flashes Fears of Oversupply

The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would be plentiful as soon as peak summer travel season ends. The rise in supply from OPEC+ producers, as well as from Latin America and Europe, has eased the backwardation…

Centrica Buys UK’s Biggest LNG Import Terminal for $2 Billion

The owner of British Gas, Centrica, has partnered with investment firm Energy Capital Partners LLP to buy the UK’s largest LNG import terminal at the Isle of Grain for an enterprise value of $2 billion (£1.5 billion). Centrica and Energy Capital Partners are buying the Isle of Grain terminal, known as Grain LNG, from National…

Super Falcons Captain, Ajibade, Laments: We are yet to get promised $100,000, Bonuses

By Obinna Uballa Super Falcons captain, Rasheedat Ajibade, has voiced her frustration and disappointment over what she called "the continued delay in the payment of the $100,000 cash reward and other bonuses promised to the team after their Women’s Africa Cup of Nations (WAFCON) victory." Speaking on an upcoming episode of With Chude, hosted by…

Ad

Justice Mohammed Idris of the Federal High Court sitting in Ikoyi, Lagos has convicted and sentenced a serial fraudster, Hope Olusegun Aroke, to six years imprisonment.
Aroke was convicted on an amended three-count charge for failure to declare his interest in some properties in the Declaration of Assets Form administered on him by the EFCC.
Count one reads: “That you, Hope Olusegun Aroke, on or about the 11th day of December 2012 in the Lagos Judicial Division of the Federal High Court, knowingly failed to declare your interest in the Mercedes Benz Jeep G55( G-Wagon) with registration No. AAA 52 BB in the Declaration of Assets Form of the Economic and Financial Crimes Commission and thereby committed an offence contrary to Section 27(1) of the Economic and Financial Crimes Establishment Act, 2004 and punishable under Section 27(3) (a) of the same Act.
Count two reads: “ That you, Hope Olusegun Aroke, on or about the 21st day of December , 2012 in the Lagos Judicial Division of the Federal High Court, refused to declare your interest in the Mercedes BenZ Car C350 with Registration No. AGL 636 AY in the Declaration of Asset Form of the Economic and Financial Crimes Commission and thereby committed and offence contrary to Section 27(1) of the Economic and Financial Crimes ( Establishment) Act, 2004 and punishable under Section 27(c) of the same Act.”
Count three reads: “That you, Hope Olusegun Aroke, on or about the 21st day of December , 2012 in the Lagos Judicial Division of the Federal High Court, neglected to declare your interest in the cash sum of N500,000 recovered from your vehicle in the Declaration of Assets Form of the Economic and Financial Crimes Commission and thereby committed an offence contrary to Section 27(1) of the Economic and Financial Crimes ( Establishment) Act, 2004 and punishable under section 27(3) (c) of the same Act.”
The convict, who had entered into a plea bargain agreement with the
EFCC before his conviction and sentencing today, pleaded guilty to the charge preferred against him.
Delivering his judgment today, February 1, 2018, Justice Idris sentenced him to two years on each count of the charge.
The sentences are to run concurrently.
The Judge also ordered the convict to forfeit the recovered cars and the sum of N500,000 to the Federal Government.

Ad

X whatsapp