Oil firm director bags 20 months imprisonment for fraud | The Guardian Nigeria News - Nigeria and World News

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A Lagos High Court, Ikeja, yesterday, convicted and sentenced the Managing Director of an oil company, Julian Ndubueze Ezeji and his company, Initial Energy Service Limited, Julian Ndubueze Ezeji, to 20 months imprisonment for fraud.

Justice Raliat Adebiyi convicted the defendant and the company in the 14-count charge filed against them by the Economic and Financial Crimes Commission .

Their offence contradicted section 285 of the Criminal Law of Lagos State 2011. The defendants pleaded not guilty to the charge when they were arraigned on March 4, 2016. The court held that, “defendants converted to their own use, the various costs of the AGO supplied directly and indirectly to them by the complainant in the charge with intention to permanently deprive the nominal complainant of the sum of N81,250,000.00.”

The court found the level of culpability of the first defendant to be high, as he played a major role in the offence, as well as the amount of money involved in the offence.

 

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What is the name of the oil firm, what is the name of the director? If it were yahoo boys you will post names, pictures, date of birth and family photograph.

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