[ad_1]
By Aduragbemi Omiyale
Justice Chukwuejekwu Aneke of the Federal Excessive Court docket sitting in Lagos has sentenced the trio of Kasumu Ademola, Salau Mikailu, and Ganiyu Ishola to twenty years imprisonment.
The three individuals have been sentenced on Wednesday after pleading responsible to diverting the shares of a useless consumer, recognized as Mr Joseph Adeyemi, price N34 million.
In accordance with the Financial and Monetary Crimes Fee (EFCC), which arraigned the convicts in 2019, they transformed 298,550 items of shares of Guinness Nigeria Plc, Nestle Meals Plc, Julius Berger Plc, Unilever Nigeria Plc and Union Financial institution of Nigerian Plc belonging to the deceased with the authorisation of his household.
They have been arraigned alongside CSL Stockbrokers on Monday, February 4, 2019, earlier than Justice Aneke on an eight-count cost bordering on cash laundering, conversion and retaining of proceeds to the tune of N34 million following a grievance from the Nigerian Trade )NGX) Restricted.
In accordance with the EFCC, the convicts fraudulently carried out transactions on the shares of people that had died and likewise cleared their dividend warrants. A few of the dividend warrants and share certificates have been recovered from them on the level of arrest.
“That you just, Kasumu Shakiru Ademola, Salau Omoniyi Mikailu, Ganiyu Oluyede Ishola and CSL Stockbrokers, on or in regards to the 2nd day of June 2015 in Nigeria, inside the jurisdiction of this courtroom, conspired amongst yourselves to commit an offence to wit conversion of 298,550 (Two Hundred and Ninety- Eight Thousand, 5 Hundred and Fifty) items shares of Guinness Nigeria Plc, Nestle Meals Plc, Julius Berger Plc, Unilever Nigeria Plc and Union Financial institution of Nigerian Plc belonging to the late Mr Joseph Adeniji Adeyemi Joseph, which shares is valued at N34,000,000 (Thirty-four Million Naira) and thereby dedicated an offence opposite to Part 18 (a) of the Cash Laundering ( Prohibition ) Act, 2011 as amended and punishable underneath part 15(3) of the identical Act.
“That you just, Kasumu Shakiru Ademola, Salau Omoniyi Mikailu, Ganiyu Oluyede Idika and CSL Inventory Brokers, between the 2nd day of March and 4th day of November 2016 in Nigeria, inside the jurisdiction of this courtroom, transformed the combination sum of N28,365,133.72 (Twenty Eight Million, Three Hundred and Sixty- 5 Thousand, One Hundred and Thirty Naira, Seventy Kobo), which sum you moderately should have recognized was derived from fraud and thereby dedicated an offence opposite to Part 15(2)(b) of the Cash Laundering ( Prohibition ) Act, 2011 as amended and punishable underneath Part 15(3) of the identical Act,” two of the fees learn.
They earlier pleaded “not responsible” to the fees however in 2021, they modified their plea to “responsible,” with the legal professionals begging the courtroom yesterday for leniency on the resumed listening to of the case.
He stated the convicts have been in detention since 2018, after they have been first arrested, and when delivering the judgment, Justice Aneke sentenced them to 5 years on every of the 4 counts.
[ad_2]
Source link
