Man jailed 63 years for N4.9m fraud - Crime - dhabworld

After pleaded guilty, he was still sentenced to 3yrs imprisonment on each of the 21-count charge. Justice or injustice? Please your view....

 

Justice Oluwatoyin Ipaye of the Lagos High Court sentenced yesterday Segun Bright to 63 years imprisonment for defrauding 40 of people of  N4.9million.
She passed the sentence after Bright pleaded guilty. Bright was sentenced to three years imprisonment on each of the 21-count charge preferred against him by the Economic and Financial Crimes Commission (EFCC). The sentence will run concurrently for three years.
EFCC counsel Mr Emmanuel Jackson told the court that Bright swindled more than 40 people through a fraudulent investment scheme.
Jackson said the convict, through his company, Wexford Global Resources Ltd, committed the offence between 2008 and 2010 in Lagos.
He said Bright collected between N10, 000 and N615, 000 from people with the promise to re-invest the funds for high returns.
Jackson said following complaints received by EFCC, the convict was arrested and charged to court.
He said the offense contravened Sections 383 (1) and (9) of the Criminal Code, Laws of Lagos State 2003.