Breaking News

Biz man, 51, to spend 3yrs in jail over theft and fraud


A 51-year-old businessman, Mr Patrick Egbe, has been sentenced to three years imprisonment at  Ikoyi prison over fraud and theft by an Igbosere Magistrate’s Court in Lagos.

Magistrate F.O. Botoku sentenced Egbe after she found him guilty on a three-count charge of conspiracy, fraud and theft, saying “I hereby sentence you to three years imprisonment without an option of fine.”

The prosecutor, ASP Julius Oyakhilome told the court that the convict committed the offences in November 2008 at Spring Bank, Victoria Island in Lagos and was first arraigned before the court on July 7, 2011 on the said three-count charge.

“He stole N2 million, by borrowing the sum from Spring Bank. The convict also fraudulently issued a Zenith bank cheque, serial No. 00000265 dated January 8, 2009, which when presented, was dishonoured due to lack of funds in the account,” Oyakhilome said.

The offences, according to the prosecutor, contravened Sections 390, 419 and 516 of the Criminal Laws of Lagos State, 2003.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.