Court jails two for cryptocurrency scam in Kano

A Federal High Court sitting in Kano has convicted two persons, Okungbowa Collins and Florence Omorodion in separate one count charge of obtaining money by false pretense.

Operatives of the Economic, Financial and other Crimes Commission (EFCC) had dragged the two before Justice Lewis Allagoa of the Federal High Court for allegedly using their company, Binomo Investment to fraudulently obtain money from innocent victims under the pretext that the form was into Cryptocurrency business.

The defendants pleaded ‘’guilty’’ to the charges when they were arraigned by the Prosecution counsel, Micheal Ojo who asked the court to convict the defendants in line with their pleas.

Counsel for the defendants, Tohwo Oseruvwoja and Felix E. Nnana both pleaded with court to temper justice with mercy in sentencing the defendants.

Justice Allagoa subsequently convicted them and sentenced each to restitution of the total sum of monies in their respective charge.

Okungbowa Collins is to restitute the sum of N420,000 to his victims while Omorodion was ordered to restitute her victim the sum of N218,000.

Both convicts were also sentenced to pay fine of the sum of N50, 000 (Fifty Thousand Naira Only) each.

 

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