The convict, who was arraigned on October 15, 2014, had in 2009 approached the complainant with a proposal to jointly fund the execution of a capital project which he claimed was awarded to him by the Nigeria Customs Service.
The complainant decided to take part in the project and invested twenty-two million Naira, with the expectation of a return of N10m on his investment.
But upon successful completion of the project, the complainant said he neither received the agreed profit nor get a refund of his investment. He further stated that upon insistence on getting a refund, the convict gave him five different cheques totalling twenty-two million Naira, which were returned unpaid.
In his ruling, Justice Faruk sentenced the accused to 24 months imprisonment with the option of two million Naira fine.He was also ordered him to pay a sum of Thirty-Two Million Six Hundred and Fifty Thousand Naira only as restitution to the victim, or risk five years in prison.
Wilson Uwujaren
Head, Media & Publicity
2nd February, 2016
Source
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