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Jos Businessman Jailed For 419
A Federal High Court in Jos has sentenced a businessman, Ibrahim Nayaya, to two years imprisonment for obtaining money by trickery.
The Economic and Financial Crimes Commission, EFCC, arraigned Nayaya on June 15, 2013 for allegedly obtained N6 million from one Umar Ibrahim, a Gombe State businessman, for the purpose of supplying a truck load of Black oil.
The convict, who is a transporter and dealer in black oil, however, neither supplied the product nor returned the money to Umar.
The offence is contrary to and is punishable under Section 421 of the Criminal Code Act, Cap C38, Laws of the Federal Republic of Nigeria (LFN) 2004.
Justice Andrel Alagwa found Nayaya guilty as charged and thereby sentenced him to two years imprisonment with an option of fine in the sum of N500, 000.