The Economic and Financial Crimes Commission, EFCC, has
secured the conviction of one Balogun Olaitan and his company, Disok
International Limited, before Justice M.T.M. Aliyu of the Kaduna High Court.
The convicts were docked on a six-count charge of obtaining
money under false pretence to the tune of N12m( Twelve Million Naira), which is
contrary to section 1(1) (a) and punishable under section 1( 3)of the Advanced
Fee Fraud and Other Fraud Related Offences Act, 2006.
Until his arrest and prosecution by the EFCC, Olaitan, who
operated a ‘wonder bank’, had specialised in collecting money from unsuspecting
victims, with promises of attractive return on their investments.
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