Justice J.E. Oyefeso of the Lagos State High Court sitting in Ikeja, Lagos has convicted and sentenced a businessman, Segun Oyekanmi, Managing Director, Loben Investment Co-operative Multi-purpose Society Limited, to five years imprisonment for N30million fraud.
The convict alongside his company and one Ade Bosede ( still at large) had been arraigned on October 26, 2016 on a three-count charge bordering on stealing, conspiracy to steal and issuance of dishonoured cheques to the tune of N30 million.
The convict had collected the sum of N30m (Thirty Million Naira) from one Olufunke Dada, with an assurance that he wanted to give it to some traders as soft loans with interest.
