N7m Fraud Lands POS Operator In Jail

The convict, James Ebute Adejoh.

A Point of Sale (POS) operator has been sentenced to one year imprisonment for a POS-related fraud to the tune of N7,118, 000.00 naira (Seven Million One Hundred and Eighteen Thousand Naira).

The convict, James Ebute Adejoh was sentenced Monday, by Justice A.R Mohammed of the Federal High Court sitting in Makurdi, Benue State, after pleading guilty to a one- count charge preferred against him by the Makurdi Zonal Command of the Economic and Financial Crimes Commission (EFCC).

According to the charge read against Adejoh, it was gathered that he “knowingly sent a message to Accelerex Network Limited that materially misrepresented the fact that a transaction of N7,118,000.00 (Seven Million One Hundred and Eighteen Thousand Naira Only) had failed”. The Bank acted upon the false information and as a result, suffered a loss by making a charge back to him. According to the charge, the offence is “contrary to and punishable under Section 14(2) of the Cybercrime (Prohibition, Prevention Etc) Act, 2015″.

Adejoh pleaded “guilty” to the charge when it was read to him.

In view of his plea, prosecution counsel, M. Yusuf, reviewed the facts of the case before the court and prayed that the defendant be convicted and sentenced accordingly.

In his judgment, Justice Muhammed convicted and sentenced Adejoh to one year imprisonment, with an option of fine of N500,000.00 (Five Hundred Thousand Naira).

Also, a Toyota Corolla 2014 model car, valued at N4,650,000,000, and an iPhone 12 pro-max valued at N650,000, recovered from the convict during investigation, was forfeited to be sold by the EFCC and the proceeds restituted to the victim. The two bank accounts traceable to the convict were also frozen by the court.

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