Court Jails Ex-Convict 12 Years For $1.4M Fraud

Justice Rahman Oshodi of the Special Offences Court in Ikeja, Lagos has convicted and sentenced a businessman, Kolawole Erinle, to twelve years imprisonment for $1.4m fraud.

According to a statement by the Acting Head, Media and Publicity of the Economic Crimes and Commission (EFCC), Dele Oyewale, Erinle and his company, Rinde-Remdex Nigeria Limited were first arraigned before Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, Lagos, on March 11, 2022.

Though he pleaded “not guilty”, the trial could not be concluded before the retirement of Justice Taiwo, thereby prompting the re-assignment of the case to Justice Oshodi.

He was subsequently re-arraigned on October 28, 2022, before Justice Oshodi on three-count charges bordering on conspiracy, retention of proceeds of criminal conduct, and obtaining money under false pretence to the tune of $1,410,000 (One Million Four-Hundred and Ten Thousand United States Dollars).