In a landmark ruling, the Oyo State High Court in Ibadan has sentenced Olaniyan Gbenga Amos to 63 years in prison for multiple counts of investment fraud. The court, presided over by Justice Olusola Adetujoye, convicted Amos and his company, Detorrid Heritage Investment Limited, on a 30-count charge brought by the Economic and Financial Crimes Commission (EFCC).…..CONTINUE READING
The charges stemmed from fraudulent activities dating back to June 2020, where Amos and his firm deceived investors by promising a 30% return on investment within six weeks through the Crime Alert Security Network. Victims were misled into believing their funds were being invested in legitimate ventures, only to discover later that the promises were false.
This conviction underscores the judiciary’s commitment to combating financial crimes and protecting the public from fraudulent schemes. The EFCC has lauded the judgment as a significant step in its ongoing efforts to tackle corruption and financial misconduct in Nigeria.
