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Ibadan serial investment fraudster Olaniyan Amos jailed for 63 years
Ibadan serial investment fraudster Olaniyan Amos jailed for 63 years
On Monday, April 28, Justice Olusola Adetujoye of the Oyo State High Court in Ibadan convicted and sentenced Olaniyan Gbenga Amos to 63 years in prison for multiple investment fraud.
Amos was convicted alongside his firm, Detorrid Heritage Investment Limited, on 30-count charges prosecuted by the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC).
The charges centred on obtaining money by false pretences, contrary to Section 1(1)(a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.
Count 21 of the charge reads: “That you Olaniyan Gbenga Amos and Detorrid Heritage Investment Limited on or about 18th of June, 2020, at Ibadan, within the jurisdiction of this Honourable Court, with intent to defraud obtained the sum of N995,000.00 (Nine Hundred and Ninety-five Thousand Naira) only from Bada Titilope, when you falsely represented to him that the money is meant for registration and investment with Crime Alert Security Network with a promise of 30% return on Investment in 6 weeks (30 working days), which representations you knew to be false and thereby committed an offence of Obtaining Money under false pretence contrary to Section 1(1)(a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.”
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Another charge reads: “That you Olaniyan Gbenga Amos and Detorrid Heritage Investment Limited on or about 29th of January, 2020, at Ibadan, within the jurisdiction of this Honourable Court, with intent to defraud obtained the sum of N920,000.00 (Nine Hundred and Twenty Thousand Naira) only from Onifade Isaac Olawale, when you falsely represented to him that the money is meant for registration and investment with Crime Alert Security Network with a promise of 30% return on Investment in 6 weeks (30 working days), which representations you knew to be false and thereby committed an offence of Obtaining Money under false pretence contrary to Section 1(1)(a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.”
Amos pleaded not guilty to the charges. EFCC counsel Sanusi Galadanchi opened the case on February 17, 2022, calling eight witnesses and tendering exhibits marked “A to H” before closing on January 24, 2023.
Amos’s “no case submission” was overruled, and he was ordered to enter his defence. On October 17, 2024, Amos testified as the sole witness for himself and his firm. The court adopted final written addresses from both parties, reserving judgment until April 28.
Justice Adetujoye sentenced Amos to seven years’ imprisonment on each of counts 6, 16, 17, 18, 19, 21, 22, 23, and 24, totalling 63 years, but discharged him on counts 1, 2, 3, 4, 5, 7, 8, 9, 10, 11, 12, 13, 14, 15, 20, 25, 26, 27, 28, 29, and 30. The court ordered the sentences to run concurrently and mandated restitution to victims.
Previously, Amos was sentenced to 75 years’ imprisonment by Justice Bayo Taiwo of the same court on December 14, 2023, for similar offences. He faces two ongoing trials in Federal High Courts in Ibadan. Amos’s fraudulent schemes, run through the fake “Crime Alert Security Network,” led to over N1 billion in losses for investors.
His arrest and arraignment before Justice Adetujoye began on December 14, 2021.
Ibadan serial investment fraudster Olaniyan Amos jailed for 63 years
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Troops Arrest Female Gunrunner, Recover AK-47 in Plateau
Troops Arrest Female Gunrunner, Recover AK-47 in Plateau
Troops of Sector 1, Operation Enduring Peace, supported by vigilantes and local hunters, apprehended 30-year-old Halima Ibrahim during an intelligence-led raid in Bassa Local Government Area. The operation, linked to the recent abduction of a medical doctor, led to the recovery of an AK-47 rifle, a locally fabricated revolver, and other military items.
Troops of Sector 1, Operation Enduring Peace, in collaboration with members of the Vigilante Group of Nigeria and local hunters, have arrested a suspected gunrunner and recovered an AK-47 rifle, magazines and other military-related items in Bassa Local Government Area of Plateau State. The operation was carried out on Friday, August 21, following intelligence linking the area to the recent abduction of a medical doctor, Dr Abraham Owoicho, who was kidnapped on August 19.
According to security sources who spoke to security analyst Zagazola Makama, troops moved into Kisayi and Dogon Daji settlements after receiving intelligence on the activities of suspected criminals operating in the communities. The troops, supported by local security volunteers and hunters, raided the settlements and searched identified locations.
Several male residents reportedly fled into the surrounding bush when they sighted the advancing security personnel, leaving women and children behind. A 30-year-old woman, identified as Halima Ibrahim, was however arrested while allegedly attempting to escape with two AK-47 rifle magazines. Following her arrest, troops cordoned off and searched her residence in Kisayi B Village.
The search reportedly led to the recovery of an AK-47 rifle, which investigators are working to trace to its source and determine its ownership. During preliminary questioning, the suspect allegedly told investigators that the rifle belonged to her husband, identified as Ibrahim. Troops also recovered a locally fabricated revolver pistol, a military jungle hat and three mobile phones from the residence. The suspect and the recovered items have been taken into military custody as investigations continue.
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The Nigerian Army has reiterated its commitment to conducting intelligence-driven operations to dismantle criminal networks involved in kidnapping, arms trafficking, and other violent crimes across the country. The operation in Plateau was part of broader efforts, with separate operations in Edo State leading to the rescue of a kidnapped victim.
According to security sources, investigators are working to establish the source of the firearms, the circumstances surrounding their possession and any possible links between the suspects and criminal networks operating in the area. The operation forms part of ongoing efforts by security agencies to disrupt kidnapping networks and the illegal arms trade in Plateau State, particularly following recent abductions in Bassa Local Government Area. Further intelligence-driven operations are expected in the affected communities as security agencies continue investigations.
The arrest comes amid heightened security operations in Plateau State, where troops and other security agencies have intensified efforts to disrupt criminal networks. In a separate operation on August 19, troops of Sector 8, Operation Enduring Peace, recovered one AK-47 rifle, one locally fabricated AK-47 rifle, one locally fabricated revolver rifle, two Dane guns and 15 rounds of 7.62mm special ammunition during a raid in Mangu Local Government Area, following intelligence about a suspected attack on Mwar community. The military has also intensified operations across the state, with troops of Sector 6 arresting 19 suspects in Riyom Local Government Area following an ambush that killed two security operatives.
Troops Arrest Female Gunrunner, Recover AK-47 in Plateau
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Tinubu’s order: EFCC lifts freeze on Osun government accounts
Tinubu’s order: EFCC lifts freeze on Osun government accounts
The Economic and Financial Crimes Commission (EFCC) has lifted the restriction on Osun State Government bank accounts after President Bola Ahmed Tinubu directed the agency to vacate the order.
The affected accounts, held with First Bank of Nigeria and Zenith Bank, are now operational, according to confirmations from both the Presidency and an aide to Osun State Governor Ademola Adeleke.
A Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, confirmed that the restriction had been removed, saying the EFCC could not disregard the President’s directive.
“The lien has been lifted. EFCC cannot ignore the presidential order. I can confirm to you that it was done immediately,” Ajayi said.
An aide to Governor Adeleke, who spoke on condition of anonymity, also confirmed that the Post No Debit (PND) restriction had been vacated and that the state government’s accounts were functioning again.
The EFCC had imposed the restriction on August 5, 2026, as part of an investigation into the alleged fraudulent handling of about N11 billion in Ecology Funds, Intervention Funds and allocations from the Federation Account Allocation Committee (FAAC).
The commission said the investigation had been ongoing since March 2026 and was aimed at preventing the alleged diversion of public funds.
The decision to restrict the accounts, however, generated significant controversy because it came shortly before the August 15 Osun State governorship election.
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The timing prompted allegations from the Osun State Government and its supporters that the EFCC action was politically motivated and intended to weaken Adeleke ahead of the election. The commission rejected the allegations and maintained that its action was connected to an ongoing financial investigation.
The dispute escalated after the President intervened and directed the EFCC to take steps to vacate the restriction.
Tinubu expressed concern about the timing of the action and its potential implications for public confidence in the electoral process, while also maintaining that anti-corruption agencies should carry out their responsibilities professionally.
The account restriction had also triggered a legal battle between the Osun State Government and the EFCC.
The state government approached the Federal High Court in Abuja to challenge the restriction and sought N2 billion in damages, arguing that the EFCC’s action unlawfully interfered with the state’s access to its funds.
The legal dispute changed following Tinubu’s intervention and the subsequent lifting of the restriction.
After being declared winner of the governorship election, Adeleke directed the Osun State Attorney-General and Commissioner for Justice, Oluwole Jimi-Bada, SAN, to withdraw the suit against the EFCC.
Adeleke said the President’s intervention had addressed the immediate dispute and that there was therefore no need to continue with the case.
With the accounts now operational, the immediate confrontation between the Osun State Government and the EFCC appears to have eased.
However, the lifting of the account restriction does not necessarily mean that the underlying investigation has been discontinued. The EFCC’s earlier allegations concerning the handling of about N11 billion remain separate from the decision to restore access to the accounts.
The development has also renewed discussions about the relationship between anti-corruption agencies and elected governments, particularly when financial investigations take place close to major elections.
For the Osun State Government, the restoration of access to its accounts removes an immediate financial constraint and allows the state to continue accessing funds required for government operations.
For the EFCC, the development means the financial investigation, if still ongoing, would have to proceed through the appropriate legal and investigative channels without the earlier account restriction.
Tinubu’s order: EFCC lifts freeze on Osun government accounts
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