Court jails ex-convict for N12m theft in Lagos

An ex-convict, Oluokun Gabriel Adekola, has been sentenced to 3 years successful situation by the Special Offences Court sitting successful Ikeja, Lagos, aft being recovered blameworthy of stealing N12 million.

Justice Rahman Oshodi delivered the judgement connected Tuesday, convicting Adekola connected a one-count amended complaint filed against him by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Ikoyi.

The suspect was arraigned connected March 16, 2026, implicit allegations bordering connected theft.

According to the charge, helium conspired with accomplices, who are inactive astatine large, successful 2025 to conceal and disguise the root of N12 cardinal paid into his account.

Prosecution counsel revealed that the wealth was portion of a larger sum of N3,091,441,849 allegedly siphoned from accounts domiciled with First City Monument Bank done unauthorised entree and mobile banking fraud.

The funds were said to person been withdrawn and converted to currency via Point of Sale operators.

Adekola pleaded blameworthy to the complaint during his arraignment.

Further proceedings showed that the convict had a anterior transgression record. On July 23, 2020, Justice Joyce Abdulmalik of the Federal High Court successful Ibadan had sentenced him to 20 years’ imprisonment for defrauding a Taiwanese nationalist of $22,300.

At the sentencing signifier successful the existent c...