Court jails ex-convict 12 years for $1.4m fraud

Justice Rahman Oshodi of the Special Offences Court in Ikeja, Lagos has convicted and sentenced a businessman, Kolawole Erinle, to twelve years imprisonment for $1.4m fraud.

According to a statement by the Acting Head, Media and Publicity of the Economic Crimes and Commission (EFCC), Dele Oyewale, Erinle and his company, Rinde-Remdex Nigeria Limited were first arraigned before Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, Lagos, on March 11, 2022.
Court jails ex-convict 12 years for $1.4m fraud
Though he pleaded “not guilty”, the trial could not be concluded before the retirement of Justice Taiwo, thereby prompting the re-assignment of the case to Justice Oshodi.

He was subsequently re-arraigned on October 28, 2022, before Justice Oshodi on three-count charges bordering on conspiracy, retention of proceeds of criminal conduct, and obtaining money under false pretence to the tune of $1,410,000 (One Million Four-Hundred and Ten Thousand United States Dollars).

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