N10m Scam: Pay N250,000 Fine or go to Prison—Court Tells Fraudster

October 8, 2020
bitcoin nigerians

By Modupe Gbadeyanka

An internet fraudster, Mr Adelakun Kehinde Adewumi, has been given an option to pay a fine of N250,000 or spend the next nine months in prison.

Mr Adelakun was arraigned by the Economic and Financial Crimes Commission (EFCC) on a two-count charge bordering on possession of documents containing false pretext and pleaded guilty to the charges.

“That you, Adelakun Kehinde Adewumi, sometime in August 2020, at Lagos within the Ikeja Judicial Division of this court, with intent to defraud, had in your possession email correspondence titled Credit Alert Transactions, wherein you falsely represented yourself as Alvine International Resources Ventures to be able to provide Bitcoin and was credited the sum of N10 million in two tranches of N5 million, which pretext you knew or ought to know to be false and committed an offence contrary to Section 318 of the Criminal Law of Lagos State, No 11 of 2011,” one of the count read.

At the court on Wednesday, October 7, 2020, Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, Lagos, found the fraudster guilty as charged.

During the trial, the prosecution counsel, Anita Imo, tendered some incriminating documents printed from the defendant’s Gmail account, appealing to the judge to accordingly convict the defendant, who was arrested on August 21, 2020, around the Oniru axis of Lagos State by operatives of the EFCC.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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