Crime

Joint Admission Matriculation Board staff bags 5-years for N10million fraud

A former staff member of the Joint Admission and Matriculation Board (JAMB) Olayiwola Oguntade has been convicted and sentenced to jail by the Oyo State High Court, sitting in Ibadan, having been arraigned by the Economic and Financial Crimes Commission (EFCC)

Penpushing reports that Justice Bayo Taiwo in his judgment held that the prosecution has proved its case beyond reasonable doubt and the court is convinced that the defendant is guilty of the offences filed against him by the commission.

The Head, Media and Publicity of the Economic and Financial Crimes Commission (EFCC), Dele Oyewale in a statement said the judge convicted Oguntade and sentenced him to five years imprisonment without an option of fine on January 28, 2025.

NNPC

Penpushing further reports that he said he was arraigned by the Ibadan Zonal Directorate of the agency on October 13, 2020 on a three-count amended charge, bordering on forgery, advance fee fraud and obtaining by false pretence to the tune of N10, 000, 000.

“That you, Olayiwola Oguntade sometimes in 2010 at Ibadan within the jurisdiction of this Honourable Court with intent to defraud obtained the sum of N10, 000, 000.00K (Ten Million Naira) only, by false pretence through Kola Al-Amin from Polybadan Microfinance Bank Ltd and thereby committed an offence of obtaining money by false pretence, contrary to Section 1 (i) (b) and 1 (3) of the Advance Fee Fraud and Other Related Offences Act, 2006’, count one reads

‘That you, Olayiwola Oguntade sometimes in 2010 within the jurisdiction of this Honourable Court forged an LPO titled: Re: Supply of Internet Services, purported to have been issued by the Joint Admissions and Matriculation Board (JAMB) dated 15th October, 2010 with Ref No. JAMB/FIN/282/Vol.4/445 and thereby committed an offence of Forgery, contrary to Section 467 of the Criminal Code Law Cap 38, Laws of Oyo State, 2000’, count two reads

Penpushing also reports that Oguntade pleaded not guilty to the charges, prompting his over four years of trial, during which prosecution counsel, Oyelakin Oyediran and Lanre Suleiman called 10 witnesses, tendered several incriminating documents against him that were admitted in evidence and urged the court to convict and sentence him accordingly.

The statement added that the convict who was in the Finance and Accounts Department of Joint Admission and Matriculation Board (JAMB) began his journey to prison after he forged a Local Purchase Order (LPO) and Letter of Domiciliation and obtained a loan of N10million with them from Polybadan Microfinance Bank under the false pretence of executing a contract, purportedly awarded to him by his employer for the provision of internet services.

Penpushing reports that Oyewale said, to execute the fraud, Oguntade gave the forged documents to a friend, K. Ola Al-Amin who is a customer of the Microfinance bank to help him present them to the bank and in his own (Al-Amin’s) name.

The statement explained that deceived by the convict, Al-Amin secured the loan with the forged documents and also helped him transfer the sum to three different companies’ bank accounts, namely: Reeden Investment Limited, Danmarg Multiventures Company and Enrich System Nigeria Limited, provided to him by the convict on the pretext that the sums were payments to the companies for equipment and installations for the purported internet services.

Penpushing further reports that, Oyewale said investigations, however, revealed that the convict had earlier issued forged Local Purchasing Orders (LPOs) to these companies and had to defraud Polybadan Microfinance Bank of the N10million to pay back the loans he also fraudulently obtained from them.

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