Cryptocurrency trader Shola Henry reportedly jailed N18.4m fraud

An Ikeja Special Offences Court on Wednesday sentenced a cryptocurrency trader, Shola Henry, to two years imprisonment for stealing N18. 4 million.

 

Delivering a ruling, Justice Oluwatoyin Taiwo gave the defendant an option of fine in the sum of N2 million in lieu of serving jail term at the Ikoyi Custodial Centre.

 

Taiwo held that the court took note of the allocutus of the defence counsel and submissions of the prosecution in sentencing Henry.

 

The judge ordered the Shola Henry to repay the nominal complainant N18.4 million within six months.

 

She also ordered the forfeiture of defendant’s iPhone to the Federal Government.

 

The Economic and Financial Crimes Commission (EFCC) filed an amended seven-count charge against the defendant bordering on stealing and obtaining money under false pretences.

 

 

The EFCC counsel, Mr Ahmed Yerima, submitted that the defendant defrauded his victim of the sum of N18, 4 million in a purported cryptocurrency transaction. CONTINUE READING………….

 

 

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