Lagos - Chika Odinaka Ohaegbulem, the member of an Abia State syndicate that specialises in stealing various investors’ dividend warrants, has been sentenced to seven years imprisonment.
He has been convicted and sentenced at the Federal High Court sitting in Umuahia on a14-count charge bordering on conspiracy, forgery, impersonation and obtaining money by false pretences.
Ohaegbulem was arraigned before Justice Olubanjo in May last year alongside three other members of a syndicate who specialise in stealing various investors’ dividend warrants, which they sold to Ohaegbulem for clearing.
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All the accused had pleaded not guilty but in the course of trial, Ohaegbulem changed he plea and offered to return the sum of N1,4million found in his account to his victim.
He was consequently convicted and ordered to restitute his victim to the tune of that amount.
The trial of the three other suspects will continue on May 27.
- CAJ News