Justice Rahman Oshodi of the Special Offences Court in Ikeja, Lagos has convicted and sentenced a businessman, Kolawole Erinle, to twelve years imprisonment for $1.4m fraud.
According to a statement by the Acting Head, Media and Publicity of the Economic Crimes and Commission (EFCC), Dele Oyewale, Erinle and his company, Rinde-Remdex Nigeria Limited were first arraigned before Justice Oluwatoyin Taiwo in March 2022, but the trial could not be concluded before the retirement of Justice Taiwo, thereby prompting the re-assignment of the case to Justice Oshodi.
He was subsequently re-arraigned on October 28, 2022, before Justice Oshodi on three-count charges bordering on conspiracy, where the Judge sentenced him to five years on count two, and 12 years on count three, to run concurrently from February 10, 2023, when he was remanded by the court.
Erinle was was also arraigned on three-count charges bordering on defrauding the Kansas City University of Medicine and Biosciences, KCUMB, in the United States of about One Million, Four Hundred and Twelve Thousand Dollars, Five Hundred and Nine cents, the matter went into full trial and he was convicted.
The trial judge further held that all the properties and vehicles recovered from by the EFCC be sold and applied as restitution to the victim through the FBI.
