A Pastor, Odenigbo Theophilus has been sentenced to seven years in prison by the Oyo State High Court sitting in Ibadan for defrauding a retiree, Mr. Ojo Gbadebo, of N1m under false pretence.
The News Agency of Nigeria reported that the presiding judge, Justice Muniru Owolabi found the defendant guilty in a two-hour judgment delivered on Friday in Ibadan.
Owolabi stated that the prosecutor had submitted evidence of the charge of advance fee fraud against the convict beyond reasonable doubt.
The convict was said to have defrauded the retiree under the guise of helping him to invest his N1m in an engine oil business that would yield an interest of N80, 000 monthly.
The presiding judge said the convict admitted using the money to offset a loan instead of investing in the oil business as agreed noting that the convict failed to pay the retiree neither the interest nor the capital.
Mr Ennis Olayinka, the convict’s counsel, claiming that his client was a first offender and the breadwinner of his family, pleaded with the court to be merciful in sentencing him.
However, the Counsel to the Economic and Financial Crimes Commission, Mr. Oyelakin Oyeyemi, urged the court to impose the sentence as contained in the section in which he was charged.
In his judgment, Owolabi said as the convict betrayed the trust positioned on him by the retiree who is a pastor of the Deeper Life Bible Church in Abolongo, Oyo town, he hereby sentenced the convict to seven years in prison with hard labour and without an option of fine.