Ex-Dangote Industries Manager, 2 others get 7-year imprisonment for $32,000 Insurance fraud

*The Lagos State High Court sitting in Ikeja has convicted and sentenced Raymond Akanolu, a former General Manager of Dangote Industries Limited, and two others to seven years’ imprisonment for $32,000 insurance scam

Emmanuel Akosile | ConsumerConnect

The Lagos State High Court sitting in Ikeja, the state capital, has convicted and sentenced Raymond Akanolu, a former General Manager of Dangote Industries Limited, and two others for $32,000 insurance scam.

The State High Court presided over by Justice S.S. Ogunsanya also convicted Mojisola Aladejobi and Balogun Alaba.

Wilson Uwujaren, Spokesman of Economic and Financial Crimes Commission (EFCC) in a statement Tuesday, March 9 disclosed that the Lagos Zonal Office of the anti-graft agency secured the conviction and sentencing of the three individuals to jail.

The EFCC as the prosecutor had arraigned the defendants on two counts bordering on conspiracy and attempt to obtain money by false pretence to the tune of $32,000.

The anti-graft agency’s statement said: “The defendants, sometime in October 2014, in Lagos allegedly conspired among themselves to defraud Dangote Industries Limited of the sum of $32,000 (Thirty Two Thousand United State Dollars) by inflating the premium for the renewal of insurance policy cover for its Hawker Aircraft with registration No. 5N-DGN.

Uwujaren stated that “the offence is contrary to section 323 of the Criminal Law of Lagos State, No. 11 of 2011.”

When the charges were read to the defendants, they pleaded not guilty to the counts, a development that led to their full trial.

S.O. Daji and Babatunde Sonoiki, prosecution counsels, invited witnesses and tendered documents that were admitted in evidence by the court of law.

Justice Ogunsanya, in her judgment, later found the defendants guilty of the offence and sentenced them to seven years’ imprisonment each on both counts of the charge.

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