Court Jails Man In Lagos For 30 Years Over $62500, $36,020 Frauds
Court Jails Man In Lagos For 30 Years Over $62500, $36,020 Frauds
Delivering judgment on Monday, March 30, 2026, Justice Ismail Ijelu found the defendants guilty on a six-count charge bordering on stealing and failure to declare assets.
ALagos State High Court sitting in Ikeja has convicted and sentenced Olumuyiwa Teniola Idowu and his company, Tennyvans Nigeria Limited, to a total of 30 years imprisonment over fraud involving $62,500 and €36,020.Nigeria politics analysis
Delivering judgment on Monday, March 30, 2026, Justice Ismail Ijelu found the defendants guilty on a six-count charge bordering on stealing and failure to declare assets.
The charges relate to $62,500 (Sixty-Two Thousand Five Hundred United States Dollars) and €36,020 (Thirty six Thousand, Twenty Euro).
The offences, according to the court, contravened Section 285 of the Criminal Law of Lagos State, 2011, as well as Section 27(3) of the Economic and Financial Crimes Commission (EFCC) Act, 2004, relating to non-disclosure of assets and refusal to declare properties.
One of the counts stated that “Olumuyiwa Teniola Idowu and Tennyvams Nigeria Limited sometimes in 2012 at Lagos within the jurisdiction of this Honourable court, dishonestly converted to your own use the sum of $62,500 (Sixty-Two Thousand Five Hundred United States Dollars) being the cost of caterpillar parts, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts”.
Another count read: “Olumuyiwa Teniola Idowu and Tennyvams Nigeria Limited sometimes in 2012 at Lagos within the jurisdiction of this Honourable court, dishonestly converted to your own use the sum of €36, 020 (Thirty six Thousand, Twenty Euro) being the cost and shipping of DAF Truck, Box trailer and two (2) tippers, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts b.v.”
Idowu was first arraigned on November 27, 2024, where he pleaded not guilty, leading to a full trial.
During proceedings, the prosecuting counsel, E. S. Okongwu, called three witnesses and tendered eleven exhibits, all of which were admitted by the court. In response, the defence counsel, Kehinde Olawumi, presented one witness.
In his judgment, Justice Ijelu held that the prosecution proved its case beyond reasonable doubt and consequently found the defendant guilty as charged.
The court sentenced Idowu to five years imprisonment on counts one to four, with the sentences to run concurrently.
He was also sentenced to five years imprisonment on counts five and six, with an option of a fine of N1million on each count.
The court ordered that the fines must be paid within six months or the custodial sentences would apply.
In addition to the prison terms, the court ordered restitution of $62,500 and €36,020 to the nominal complainant within six months.
Following the judgment, the convict was remanded at the Ikoyi Correctional Centre.
