Property Developer to spend 2,670 Years in Prison for Defrauding clients of N25m

A Magistrate Court sitting in Ebutte Meta, Lagos on Wednesday sentenced a property developer, Alhaji Ayobami Oseni, to 2,670 years imprisonment for duping 133 accommodation seekers of N25 million.
The Nation Newspaper reports that the Chief Magistrate, O. O. Olatunji convicted Oseni following his plea of guilty to 267 counts of conspiracy, obtaining under false pretenses and stealing. He sentenced Oseni to 10 years imprisonment with no option of fine on each of the 267 counts.
The sentences, which are to run concurrently, take effect from April 26, 2017 when Oseni was remanded in prison custody following the revocation of his bail. Thus, the convict should spend only 10 years in jail, but if the one year he has spent in remand is deducted, his prison time reduces to nine years.
Oseni was prosecuted by the Force Criminal Investigation and Intelligence Department (FCIID) and the Lagos State Real Estate Transaction Department (LASRETRAD).
TAG