Businessman Sentenced to 30 Years for Misappropriating $62,500 and €36,020

An Ikeja Special Offences Court has sentenced Olumuyiwa Teniola-Idowu to 30 years in prison after finding him guilty of stealing $62,500 and €36,020, and failing to disclose assets. Justice Ismail Ijelu delivered the verdict following prosecution by the EFCC. The defendant faced six counts: four counts of stealing and two counts of non-disclosure of assets. He received concurrent five-year terms for theft and an additional five-year term on each non-disclosure count, with an option to pay a N1 million fine per count within six months. The court also ordered Teniola-Idowu to restitute the full amount of $62,500 and €36,020 to the complainant, Brouwers USA Trucks and Parts, within six months. The offences breached Section 285 of the Lagos State Criminal Law and Section 27(3) of the EFCC Act.

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