Justice Lateefa Okunnu of the Lagos High Court, Ikeja, on Thursday December 13, 2012, sentenced one Akinyemi Idowu Jegede to seven years imprisonment.

The convict was prosecuted by the Economic and Financial Crimes Commission, EFCC, on a two count amended information dated March 1, 2011.The accused was said to have obtained by false pretence the sum of N27, 692,500 (Twenty Seven Million, Six Hundred and Ninety Two Thousand Five Hundred Naira) contrary to section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act No 14 of 2006.

Esai Dangabar, one of the six accused persons being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a 16 criminal charges bordering on conspiracy and criminal breach of trust for their role in defrauding the Police Pension Office to the tune of N32.8 Billion naira (Thirty Two Billion, Eight Hundred Million Naira), was on Thursday December 13, 2012, arrested for interfering with the properties which the court had ordered forfeited to the federal government.

Embattled businessman and Chairman of Bi-Courtney Highway Services Limited, Dr. Wale Babalakin today lost his bid to stop the Economic and Financial Crimes Commission, EFCC, from arraigning him before a Lagos High Court, Ikeja on money laundering charges.

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