N184m Fraud: Man Bags 60 Years Imprisonment in Lagos

Justice Sherifat Solebo of the Special Offences Court sitting in Ikeja, Lagos State, on Thursday, sentenced one Chukwuemeka Ekwunife to 60 years imprisonment over a fraud of N184,098,000. 

Incorporated in Ikoyi, Nigeria, Structured Energy Systems Limited has the registration number 1130575. It was registered on July 23, 2013, but it’s unclear what its status is right now. The address of the company’s registered office is 49, Norman Williams, Off Awolowo Way, Ikoyi, Lagos .

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Ekwunife, alongside his company, Structured Energy Limited, were found guilty on counts one to six and sentenced to 10 years on each count. This implies that he will be in jail for 60 years.

According to a statement posted on the social media page of the Economic and Financial Crimes Commission, the defendant was charged with stealing by fraudulent conversion.

In an amended eight-count indictment relating to theft by fraudulent conversion in violation of sections 278(1)(b), (2)(f), and 285(1) of the Criminal Code Law of Lagos State of Nigeria 2011, the EFCC arraigned Ekwunife and his company on February 19, 2018.

One of the counts reads: “Chukwuemeka Ekwunife and Structured Energy Limited, on or about the 4th day of June 2015 in Lagos, within the Lagos Judicial Division, dishonestly converted to your own use, the sum of N85,000,000.00 (Eighty-five Million Naira Only) paid to you by M.R.S. Oil and Gas Company Limited, property of Nepal Oil and Gas Limited.”

Another count reads: “Chukwuemeka Ekwunife and Structured Energy Limited, sometime between October to November 2014 in Lagos, within the Lagos Judicial Division dishonestly converted to your own use, the sum of N39,238,000.00 (Thirty-nine Million Two Hundred and Thirty-eight Thousand Naira Only) paid to you by Globin Oil and Gas Limited, property of Nepal Oil and Gas Limited.”

“The trial judge found him guilty on counts one through six as accused and sentenced him to 10 years imprisonment , to be served concurrently, for each count,” the Lagos court ruled.

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