Gbetu TV (News They Are Not Talking About)
Business

Alleged Fraud: Court Jails Ex-Finance Director Of Niger Delta Ministry

A Federal High Court sitting in the (FCT) has sentenced a former Finance Director of the Niger Delta Ministry, Mr. Ayinla Abibu, to a one-year jail term.

 

The court also asked him to forfeit two of his lands in Kubwa and Bwari, both in Abuja.

 

In a statement by the Spokesperson for the commission, Mrs. Azuka Ogugua, the convict was charged by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for embezzling the sum of N60 Million from the Federal Government through the use of a front company, Zeocat Nigeria Limited, in March 2014.

 

Abibu was charged by the Commission before Hon Justice Olukayode Adeniyi for defrauding the Federal Government in collusion with a former Principal Accountant in the Ministry, Mr. Kabiru Poloma, by fraudulently withdrawing money from the Constituency Project account of the Ministry domiciled in the Central Bank of Nigeria (CBN).

 

The 60-year-old convict was said to have used the proceeds of the fraud to acquire a house in Ogbomosho, Oyo state, and plots of land in Kubwa and Bwari of the Federal Capital Territory Abuja.

Alleged Fraud: Court Jails Ex-Finance Director Of Niger Delta Ministry

Before his sentencing, the defence lawyer, Abiola Akinwale, pleaded with the Court to be lenient with the convict by granting him a lighter sentence as the convict falls amongst the age vulnerable to COVID-19.

 

The defence lawyer further told the court that a longer sentence would quicken the death of the convict’s aged parents who were 99 and 92 years old respectively.

 

The ICPC Counsel, Mr. George Lawal, while conceding the powers of the sentence to the court, stated that the grievous nature of the crime committed by the convict demanded that he should be punished accordingly.

 

Lawal argued that a lesser sentence might fail to serve as a deterrent to would-be offenders.

 

He said, “In the circumstances, it is only fair that restitution is made in the equal value of what was taken. This will send a clear message that crime does not pay”.

 

 

Channels

__________________________ Join us on WhatsApp ______________________________
Tags: Hon Justice Olukayode Adeniyi Independent Corrupt Practices and other related offences Commission (ICPC) Mr. Ayinla Abibu Mr. Kabiru Poloma Niger Delta Development Commission (NDDC) Zeocat Nigeria Limited
FADAKA LOUIS

Recent Posts

  • Education

JAMB set to release 2024 UTME results

The Joint Admissions and Matriculation Board (JAMB) has concluded plans to release the results of the 2024 Unified Tertiary Matriculation…

29 April 2024
  • Health

Why drinking cold water is dangerous, even in hot weather

Cardiologists and public health physicians have warned Nigerians against excessive consumption of cold water, stressing that it can lead to…

29 April 2024
  • Technology

China’s robotic spacecraft to be sent to the moon

The Chang’e 6, China’s next robotic spacecraft to the moon, has been scheduled to set out on its journey in…

29 April 2024
  • Education

Lagos Indian school where Nigerians are denied admission

Gbenga Oloniniran writes about the discrimination experienced by some Nigerians on the premises of foreign businesses where they are met…

29 April 2024
  • Technology

NASA is officially headed to Saturn moon

It's scientifically ambitious. It's aeronautically daring. And it's unflinchingly expensive. It's NASA's newly approved mission to Saturn's moon, Titan, where…

29 April 2024
  • Politics

Mali: Political parties call for presidential elections to end military transition

Since the coup d’état on May 24, 2021, a transition government has been in charge of Mali and shows no…

29 April 2024