The Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of a serial internet fraudster and ex-convict, Olayinka Ridwan Olatunji to two years imprisonment and a fine of N500,000.00 (Five Hundred Thousand Naira) before Justice Demi Ajayi of the Federal High Court, Abeokuta, Ogun State for internet-related fraud.
Furthermore, seventeen (17) cybercriminals were convicted and sentenced to various jail terms before Justices Ladiran Akintola, Mohammed Owolabi, Iyabo Yerima and Olusola Adetujoye of the Oyo State High Court and Justices Olugboyega Ogunfowora and A.A. Babawale of the Ogun State High Court, sitting in Abeokuta.
The convicts were prosecuted by the EFCC between March 6, 2023, and March 30, 2023, on a separate one-count charges each. They all pleaded “guilty” when the charges were read to them.
The courts ordered that the convicts destitute their victims and forfeit all items recovered from them to the Federal Government of Nigeria.