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| Adebisi Ridwan Ayodeji. |
Justice O.A. Fadipe of the Lagos State High Court sitting in Ikeja Lagos has convicted and sentenced one Adebisi Ridwan Ayodeji to 18 months imprisonment for defrauding Sterling Bank of the sum of N30,000,000( Thirty Million Naira).
The convict was initially arraigned by the Economic
and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Ikoyi, Lagos
on a one-count charge of stealing to the tune of N30,000,000 before
Justice Oluwatoyin Taiwo.
He was subsequently re-arraigned before Justice
Fadipe, and the trial commenced de novo on March 3, 2023.
The charge reads: “Adebisi Ridwan Ayodeji, on or about
the 15 day of September, 2021, in Lagos within the jurisdiction of this
Honourable court, fraudulently converted to your own use the sum of
N30,000,000.00 Thirty Million Naira) ,property of Sterling Bank Plc.”
He pleaded “not guilty” to the charge when it was read
to him, thereby leading to his full trial.
In the course of the trial, the prosecution
counsel, S.I. Suleiman, presented three witnesses and tendered several
documents that were admitted in evidence against the defendant.
Delivering judgment on Tuesday , February 24 , 2026,
Justice Fadipe sentenced the defendant to 18 months imprisonment on the
one-count charge of stealing.
The judge also ordered the convict to make restitution
in the sum of N23,677,107.05, being the outstanding balance, to the petitioner
in addition to the custodial sentence.
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