Ibadan-based fraudster, Olaniyan Gbenga Amos, popularly known as Crime Alert Security Network, has been sentenced to 75 years imprisonment for multiple investment fraud.
Justice Bayo Taiwo of the Oyo State High Court in Ibadan, on December 14, convicted and sentenced Amos alongside his firm, Detorrid Heritage Investment Limited. They were prosecuted on 35-count count of false pretences, contrary to Section 1(1) (a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.
The defendant pleaded not guilty.
Counsel of the Economic and Financial Crimes Commission (EFCC) Sanusi Galadanchi opened the case on February 17, 2022, and called six witnesses, tendered eight exhibits and closed the case on January 24, 2023. At the end of the prosecution’s case, the defendant filed a ‘no case submission’ which was overruled by the court. Consequently, the defendant opened and closed his case by calling three witnesses. Thereafter, Justice Taiwo reserved judgment in the matter till December 14, 2023.
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At the resumption of trial on December 14, Justice Taiwo convicted and sentenced the defendant to 15 years imprisonment on four counts but discharged and acquitted him on 31 coutns.
The court also ordered that the sentence should run concurrently and the defendant should also restitute the victims.
Amos has three other ongoing trials before Federal and State High Courts in Ibadan, Oyo State.
The convict was arrested and arraigned before Justice Bayo Taiwo on December 14, 2021 by the EFCC. He swindled several individuals of over N1 bullion through fake investment ventures.
