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Court sentences ex-director of finance to one year jail term over N60m fraud

by Sodiq Lawal Chocomilo
July 29, 2020
in Metro
Reading Time: 2 mins read
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A former finance director of the Niger Delta Ministry, Mr Ayinla Abibu has been sentenced to one-year imprisonment by a Federal Capital Territory (FCT) High Court.

Two plots of land in Kubwa and Bwari of Abuja belonging to the ex-finance director were also forfeited by the court.

Recall that the 60-year-old ex-finance director was charged by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for embezzling the sum of N60 Million from the Federal Government through the use of a front company, Zeocat Nigeria Limited, in March, 2014.

According to report, Abibu was charged by the Commission before Hon Justice Olukayode Adeniyi for defrauding the Federal Government in collusion with a former Principal Accountant in the Ministry, Kabiru Poloma by fraudulently withdrawing money from the Constituency Project account of the Ministry domiciled in the Central Bank of Nigeria (CBN).

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The 60-year-old convict was said to have used the proceeds of the fraud to acquire a house in Ogbomosho, Oyo state, and plots of land in Kubwa and Bwari of the Federal Capital Territory Abuja.

The defense lawyer, Abiola Akinwale pleaded with the Court to be lenient with the convict by granting him a lighter sentence as the convict falls amongst the age vulnerable to COVID-19 before he was convicted.

The defense lawyer further told the Court that a longer sentence would quicken the death of the convict’s aged parents who were 99 and 92 years old respectively.

The ICPC Counsel, Mr. George Lawal, while conceding the powers of sentence to the Court stated that the grievous nature of the crime committed by the convict demanded that he should be punished accordingly.

Lawal argued that a lesser sentence might fail to serve as a deterrent to would-be offenders.

He said:

“In the circumstances, it is only fair that restitution be made in equal value of what was taken. This will send a clear message that crime does not pay”.

This development comes as the National Assembly just concluded an investigation that exposed the financial recklessness in the Niger Delta Development Commission NDDC, a commission under the Niger Delta Affairs Ministry.

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