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Estate agent jailed 15 years for defrauding accommodation seekers of N29.8million

The judge said: “the convict inflicted untold hardships on the victims and callously deprived them of their hard-earned money with a false promise of accommodation.

According to him, the proceeds recovered from the rent are to be paid to the victims as restitution.

An estate agent, Michael Olabameji, has been sentenced to 15 years imprisonment by an Ikeja court for defrauding 100 accommodation seekers of 29.8 million.

The EFCC Prosecutor, Mrs Bunmi Bosede, had told the court that Olabameji committed the offences between January and July 2008.

She said he had collected various sums of money from victims as tenancy and agreement fees.

Vanguard reports:

He said the property which was used by the convict to perpetuate the fraud was actually owned by another person who had leased it to him from 2010 till 2025.

“It is immaterial that he had the mind to refund the money to the victims as he had claimed in his confessional statement to the EFCC.”

Convicted by Justice Adeniyi Onigbanjo, Oladimeji is to serve 15 years imprisonment on each count which is to run concurrently from February 2010, when he was remanded in prison.

Igwe said that they had suffered both financial and psychological hardship as a result of Olabameji’s actions.

42-year-old Oladimeji was convicted of the 99-count charge of obtaining money under false pretence, the charges were brought against him by the Economic and Financial Crimes Commission (EFCC).

by Oge Okonkwo

Law court rape

Onigbanjo said the 16-apartment building, located at No. 2, Amuda St., Kirikiri, Lagos, should therefore, be managed by the EFCC till the expiration of the lease.

Mr Joseph Igwe, who spoke to the News Agency of Nigeria (NAN) on behalf of the victims, applauded the judgment.

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