Justice M. L. Owolabi of the State High Court, Ibadan, Oyo State November 26, 2018 convicted and sentenced one Oladipo Olutope to twenty four years imprisonment and to restitute N10, 450, 000 (Ten Million, Four Hundred And Fifty Thousand Naira) only to the victim. The sentences are to run concurrently.
The convict, who bagged six years jail term on each count was arraigned on the 22nd January, 2018 by the Ibadan office of the Economic and Financial Crimes Commission, EFCC, on a 4-count charge bordering on stealing by conversion. He was found guilty on all four – count amended by the court and convicted in accordance with the relevant law.
One of the amended charge that earn the convict the jail term reads “that you, Oladipo Festus Olutope between 26th January and 19th Dec. 2016 at Ibadan within the Ibadan Judicial Division of this honourable court, did commit an illegal act, to wit, Stealing of ₦7, 015, 600 (Seven Million Fifteen Thousand Six Hundred Naira) property of One Yusuf Gbejami Lawal given to you to invest on his behalf and which you converted to your own personal use”.