Lagos court jails man for defrauding Sterling Bank of N30m

A Lagos State High Court sitting successful Ikeja has sentenced Adebisi Ridwan Ayodeji to 18 months’ imprisonment for defrauding Sterling Bank Plc of N30 million.

Ayodeji was convicted by Justice O.A. Fadipe pursuing a prosecution by the Economic and Financial Crimes Commission, EFCC.

The improvement was confirmed successful a connection issued connected Thursday by the commission’s spokesperson, Dele Oyewale.

According to the EFCC, the suspect was initially arraigned connected a azygous number of stealing earlier Justice Oluwatoyin Taiwo of the Lagos State High Court.

The lawsuit was aboriginal reassigned to Justice Fadipe, earlier whom the proceedings commenced afresh connected March 3, 2023.

The complaint stated that Ayodeji, connected oregon astir September 15, 2021, fraudulently converted N30 cardinal belonging to Sterling Bank Plc to his idiosyncratic use, an offence wrong the court’s jurisdiction.

He pleaded not blameworthy erstwhile the complaint was read, prompting a afloat trial.

During proceedings, the prosecution, led by S.I. Suleiman, called 3 witnesses and tendered respective documentary exhibits, each of which were admitted successful evidence.

In his judgement delivered connected Tuesday, February 24, 2026, Justice Fadipe recovered the suspect blameworthy arsenic charged and sentenced him to 18 months’ imprisonment.

The tribunal ordered Ayodeji to refund the sum ...