Lagos court jails man 30 years over $62,500, €36,020 fraud — EFCC

A Lagos State High Court sitting successful Ikeja has convicted and sentenced Olumuyiwa Teniola Idowu and his company, Tennyvans Nigeria Limited, to a full of 30 years’ imprisonment implicit fraud involving $62,500 and €36,020.

In a connection by the EFCC, the judgement was delivered connected Monday, March 30, 2026, by Justice Ismail Ijelu, who recovered the defendants blameworthy connected a six-count complaint bordering connected stealing and nonaccomplishment to state assets.

The offences were said to beryllium successful usurpation of Section 285 of the Criminal Law of Lagos State, 2011, and Section 27(3) of the Economic and Financial Crimes Commission (EFCC) Act, 2004, which woody with non-disclosure of assets and refusal to state properties.

One of the charges presented successful tribunal stated:

“Olumuyiwa Teniola Idowu and Tennyvans Nigeria Limited, sometime successful 2012 astatine Lagos wrong the jurisdiction of this Honourable Court, dishonestly converted to your ain usage the sum of $62,500 (Sixty-Two Thousand Five Hundred United States Dollars), being the outgo of caterpillar parts, spot of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts.”

Another complaint stated: “Olumuyiwa Teniola Idowu and Tennyvans Nigeria Limited, sometime successful 2012 astatine Lagos wrong the jurisdiction of this Honourable Court, dishonestly converted to your ain usage the sum of €36,020 being the outgo and shipping of a DAF truck, container trailer and 2 (2) tippers, pr...