During the hearing on Wednesday, the defense counsels, O Muyideen and A. Olufemi, pleaded for leniency on behalf of their clients, highlighting the fact that the trio had been in detention since their initial arrest in 2018.
After careful consideration, Justice Aneke delivered the judgment, imposing a five-year sentence for each of the four counts against the convicts.
Key Highlights:
- Trio receives 20-year imprisonment for defrauding a stock firm of N45.6 million.
- Convicted individuals initially pleaded not guilty but later changed their pleas to guilty.
- Defendants found guilty of converting stocks valued at N34 million and unlawfully retaining N9.481 million.
