Olaniyan Gbenga Amos, popularly known as Crime Alert Security Network, was sentenced to 75 years in jail for serial investment fraud.
On December 14, Justice Bayo Taiwo of the Oyo State High Court in Ibadan convicted and sentenced Amos and his company, Detorrid Heritage Investment Limited. They were charged with 35 counts of false pretenses, a violation of Section 1(1)(a) and a punishable offense under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.
The defendant pleaded not guilty.
Counsel of the Economic and Financial Crimes Commission (EFCC) Sanusi Galadanchi opened the case on February 17, 2022, and called six witnesses, tendered eight exhibits and closed the case on January 24, 2023. At the end of the prosecution’s case, the defendant filed a ‘no case submission’ which was overruled by the court. Consequently, the defendant opened and closed his case by calling three witnesses. Thereafter, Justice Taiwo reserved judgment in the matter till December 14, 2023.
At the resumption of trial on December 14, Justice Taiwo convicted and sentenced the defendant to 15 years imprisonment on four counts but discharged and acquitted him on 31 coutns.
The court also ordered that the sentence should run concurrently and the defendant should also restitute the victims.
Amos has three other ongoing trials before Federal and State High Courts in Ibadan, Oyo State.
The convict was arrested and arraigned before Justice Bayo Taiwo on December 14, 2021 by the EFCC. He swindled several individuals of over N1 bullion through fake investment ventures.
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