Fraud: Money Doubler Gets One Year Jail Term
A self-acclaimed money doubler, Joshua Omobasemota has been slammed a one year jail term following his conviction by the Economic and Financial Crimes Commission, EFCC on a 28-count charge bordering on obtaining money by false pretence.
He was found guilty of the charges after Justice A.A.Okeke of a Federal High
Court sitting in Uyo, Akwa Ibom State held that a prima facie case was
established against him by the EFCC.
In a post on its Facebook page dated 29 March 29, 2019, the EFCC said Omobasemota,
who was first arraigned on March 21, 2018, had pleaded “not guilty”, but one
year into his trial, he decided to change his plea to “guilty”.
The trial judge subsequently sentenced him to one year in prison, on each of
the count, without an option of fine, to run concurrently from the date of his
arrest.
Joshua’s journey to prison began when his victims, numbering 50 petitioned the
EFCC and explained how Omobasemota defrauded them to the tune of over N800, 000
(Eight Hundred Thousand Naira).
According to the petitioners, the convicted fraudster approached them to invest
in a money doubling scheme, under the guise that he was a representative of
Dangote company in the South-South, in charge of a social responsibility scheme
that creates wealth and doubles savings using Global Divine Rich Resources
Nigeria.
But that was not to be, as the convict immediately disappeared into thin air
after collecting so much money from his unsuspecting victims. He was later
apprehended by the EFCC.
However, the prayer of the prosecuting counsel, Kanu Ukoha, asking the court to
make the convict restitute the nominal complainants who suffered financial
losses, was not granted by the court.