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Estate developer sentenced to 10 years imprisonment

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Forthright Properties MD, two others remanded in prison over N120m land scam

By Evelyn Usman & Onozure Dania

Lagos—A Chief Magistrate’s Court, sitting at Ebute-Metta, Lagos, yesterday,  sentenced a property developer, Alhaji Ayobami Oseni, to 10 years imprisonment for defrauding 133 accommodation seekers of N25 million.

This is as Managing Director, Forthright Properties Limited, Mr Isaac Akintoye, was, also remanded in prison custody over alleged N120 million land scam, on the orders of  Justice Mojisola Dada of the Lagos State High Court Ikeja.

Chief Magistrate O. O. Olatunji convicted the property developer, Oseni, after his plea of “guilty” to 267 counts of conspiracy, obtaining under false pretences and stealing.

Olatunji saidthe offences contravened Section 285, and is punishable under sections 312 and 409 of the Criminal Law of Lagos State, 2011.

He sentenced Oseni to 10 years imprisonment on each of the 267 counts without an option of fine.

The magistrate said the sentence, which is to run concurrently, takes effect from April 26, 2017 when Oseni was remanded in prison custody following the revocation of his bail.

Magistrate Olatunji also ordered the Lagos State Government to sell the building and share the proceeds among the 133 victims of the fraud.

Forthright Properties MD, 2 others remanded in prison over N120m scam

Also yesterday, Managing Director, Forthright Properties Limited, Mr Isaac Akintoye, was  remanded in prison custody over alleged N120 million land scam, on the orders of  Justice Mojosola Dada of the Lagos State High Court Ikeja.

Remanded alongside Akintoye, were  Samuel Okeke  and Ifeanyi Ndigwe.

The trio  were arraigned by Economics and Financial Crimes Commission, EFCC, on a 16-count charge bordering on stealing and fraud. They are to remain in prison custody pending when the court will hear and determine their bail application.

However, when the charges were read out to the three businessmen, they pleaded not guilty. A trial date by the EFCC counsel was sought from the judge but the defence counsel interjected , informing the court of a pending application for bail.

Consequently, the date for hearing of the bail applications for the businessmen was fixed for May 22, 2018, while June 6, 2018 was fixed for the commencement of trial by Justice Dada , with an order by the court that the businessmen be remanded in prison custody in the meantime.

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