An Oyo State Excessive Courtroom sitting in Ibadan and presided over by Justice Bayo Taiwo on January 28, 2025, sentenced a former workers of the Joint Admissions and Matriculation Board (JAMB), Olayiwola Oguntade to 5 years imprisonment over fraud.
The Ibadan Zonal Directorate of the {Economic} and {Financial} Crimes Fee (EFCC) had on October 13, 2020 arraigned Oguntade on a three-count amended cost bordering on forgery, advance payment fraud, and acquiring by false pretence the sum amounting to N10 million.
The anti-graft company disclosed this in a press release on its official Fb Web page..
Rely one acknowledged: “That you just, Olayiwola Oguntade generally in 2010 at Ibadan inside the jurisdiction of this Honourable Courtroom with intent to defraud obtained the sum of N10,000,000.00 (Ten Million Naira) solely, by false pretence via Kola Al-Amin from Polybadan Microfinance {Bank} Ltd and thereby dedicated an offence of acquiring cash by false pretence, opposite to Part 1 (i)(b) and 1 (3) of the Advance Charge Fraud and Different Associated Offences Act, 2006.”
The second rely accused Oguntade of forging a Native Buy Order (LPO) titled “Re: Provide of Web Companies,” purportedly issued by JAMB on October 15, 2010.
This act was deemed a violation of Part 467 of the Felony Code Legislation Cap 38, Legal guidelines of Oyo State, 2000.
Oguntade pleaded “not responsible” to the fees, resulting in a trial that lasted over 4 years.
Prosecution counsel Oyelakin Oyediran and Lanre Suleiman known as 10 witnesses and tendered a number of incriminating paperwork that had been admitted as proof.
In convicting the defendant, Justice Taiwo held that the prosecution proved its case past cheap doubt “and the courtroom is satisfied that the defendant is responsible of the offences filed towards him by the EFCC.”
The convict who was a former workers in JAMB’s Finance and Accounts Division had solid the LPO and a Letter of Domiciliation to fraudulently safe a N10 million mortgage from Polybadan Microfinance {Bank}, beneath the false declare of executing a JAMB-awarded web providers contract.
Prosecution alleged that to execute the fraud, Oguntade gave the cast paperwork to a buddy, Ok. Ola Al-Amin who’s a buyer of the Microfinance {bank} to assist him current them to the {bank} and in his personal (Al-Amin’s) identify.
“Deceived by the convict, Al-Amin secured the mortgage with the cast paperwork and in addition helped him switch the sum to 3 completely different firms’ {bank} accounts, particularly: Reeden Funding Restricted, Danmarg Multiventures Firm and Enrich System Nigeria Restricted, supplied to him by the convict on the pretext that the sums had been funds to the businesses for tools and installations for the purported web providers.
Oguntade was additionally found throughout investigation to beforehand issued solid LPOs to those firms and used the fraudulently obtained N10 million to settle present money owed.
Within the ruling, the courtroom didn’t additionally give the convict an choice of nice after the sentencing as he was whisked to the Nigerian Correctional Centre to serve his jail time period.
