An Oyo State Excessive Court docket in Ibadan, has sentenced one Pastor Odenigbo Theophilus to seven years in jail for defrauding a retiree, Mr Ojo Gbadebo, of the sum of N1 million below false pretence.
Justice Muniru Owolabi discovered the defendant responsible in a two-hour judgment delivered on Friday in Ibadan.
Owolabi stated that the prosecutor had proved the cost of advance price fraud towards the convict past affordable doubt.
The decide stated the convict defrauded the retiree below the guise of serving to him to take a position his N1 million in engine oil enterprise that may yield an curiosity of N80,000 month-to-month.
Owolabi stated that the convict admitted utilizing the cash to offset a mortgage as a substitute of investing it within the oil enterprise as agreed.
The decide stated that the convict did not pay the retiree neither the curiosity nor the capital.
He stated that the convict betrayed the belief reposed on him by the retiree being a pastor of the Deeper Life Bible Church in Abolongo, Oyo city.
Owolabi, subsequently, sentenced the convict to seven years in jail with exhausting labour and with out an possibility of high quality.
Earlier, the convict’s counsel, Mr Ennis Olayinka, had pleaded with the court docket to be lenient in sentencing his consumer, saying he was a primary offender and the bread winner of his household.
The Counsel to the Financial and Monetary Crimes Fee (EFCC), Mr Oyelakin Oyeyemi, urged the court docket to impose the sentence as contained within the part by which he was charged.