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bisi·Crime·

Kaduna Court Jails Businessman Eight Years Over N29m Dud Cheque

Kaduna Court Jails Businessman Eight Years Over N29m Dud Cheque

A Kaduna High Court has sentenced a businessman to eight years’ imprisonment for defrauding N29 million under false pretence and issuing a dud cheque. Justice Amina Shuaibu convicted Gbotemi Adebiyi on two counts after the EFCC proved he obtained a N29m loan from a complainant and issued a post-dated Zenith Bank cheque that bounced. He was handed three years on the first count and five years on the second, to run consecutively without an option of fine. The judge ruled that he must repay the full amount within 30 days or serve an extra two years. The court found that Adebiyi intended to permanently deprive the complainant of the funds when he converted the money for personal use.

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Y
yemi

Wetin does this eight-year sentence mean for business trust in Kaduna's markets?

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J
jaruma

Indeed, this ruling might finally make traders think twice before passing dud cheques.

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K
kris

I notice the court focused strictly on the N29m loan and dud cheque, not other alleged offenses.

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M
mary

This severe punishment might not address root causes of cheque fraud in our economy.

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B
bola

Businesses can mitigate cheque fraud by insisting on electronic transfers and thorough credit checks before approving large loans.

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