Yahoo Boy Lands in Jail, Loses N24.3m Cash, Three Exotic Cars in Ilorin – Newstrends
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Yahoo Boy Lands in Jail, Loses N24.3m Cash, Three Exotic Cars in Ilorin

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Yusuf Olarewaju

Justice Adebayo Yusuf of  Kwara State High Court sitting in Ilorin, yesterday, jailed 30-year-old Yusuf Olarewaju, a native of Erin-Ile in Oyun Local Council of the state for  offences bordering on internet fraud.

Olarewaju, found guilty of one-count charge brought against him by Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC) was sentenced to six months imprisonment with option of N200,000 fine.
The court also ordered the forfeiture of all instruments used by the convict to perpetuate the crime, including the cash found to be proceeds of crime in his account to the Federal Government.
Other items forfeited include: a Mercedes Benz GLK 2010 model, a Toyota Camry 2013 model; a Toyota Corolla 2005 model, iPhone 14 promax and the sum of N24, 364,860.
Olarewaju’s journey to jail started on October 23, 2022, when he was arrested following intelligence about the activities of syndicates of fraudsters operating in Erin-Ile and its neighbourhood.

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Investigation revealed that Olarewaju, while using a fraudulent email, ksmithkatie27@gmail.com posed as one Smith Katie, a white female from Missouri, USA, to strike relationships with one James Gibson (Jimmy) and Stephen Speer, both of whom he swindled to the tune of $30,000 USD between 2021 and 2022.

The defendant not only confessed to the crime, but also pleaded guilty when he was arraigned on November 11, 2022. At the resumed sitting of the case on Monday, Justice Yusuf said he had carefully evaluated the facts of the case; the guilty plea entered by the defendant; the extra-judicial statement of the defendant as well as the exhibits tendered in evidence and was convinced that there were justifiable reasons to convict the defendant.
Consequently, the judge pronounced him guilty.
In his plea of allocutus, Olarewaju’s counsel, M. A Bello urged the court to temper justice with mercy. He said that the convict had left “yahoo business” since January 2022, and that the cars recovered from him were intended to start up a car business.
However, Innocent Mbachie, counsel to the EFCC,  urged the court to, in addition to sentencing the convict, order the  forfeiture of  all the instrumentality of the crime, including the cars, cash and phone to the Federal Government as deterrent to others of Olarewaju’s like.
Justice Yusuf, while sentencing the convict, said he found merit in the prosecution’s case, adding that the defence’s plea that, “the convict had left “yahoo business” since January 2022, and that the cars recovered from him were intended to start up car business” were not sufficient to set him free of the deserved punishment.

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Breaking: Military releases FirstNews editor, Segun Olatunji

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Breaking: Military releases FirstNews editor, Segun Olatunji

The military has finally released Segun Olatunji, editor of FirstNews, who has been in their custody since March 15.

Olatunji was released on Thursday to Nigerian Guild of Editors (NGE) General Secretary Iyobosa Uwugiaren and The Nation Deputy Editor Yomi Odunuga under a bridge in Asokoro, Abuja.

It was also learnt that the documents for his release were signed inside a security vehicle with heavily armed operatives.

The security agents were said to be masked and the number plates of their vehicles covered up.

The editor was abducted by armed men in his home in Iyana Odo, Abule Egba area of Lagos, on March 15.

His family members were kept in the dark on his whereabouts and why he was arrested.

Several groups, including the Nigeria Union of Journalists (NUJ), the Nigerian Guild of Editors, almost daily mounted pressure on the government for Olatunji’s release.

On Wednesday, the Nigerian chapter of the International Press Institute said the journalist was in the custody of the Defence Intelligence Agency (DIA).

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BREAKING: Court orders military to release 313 suspected terrorists

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BREAKING: Court orders military to release 313 suspected terrorists

A Federal High Court in Borno State has ordered the release of at least 313 suspected terrorists detained by the military.

The court ordered their release due to a lack of evidence to charge the suspects after the investigation.

Maj. Gen. Buba Edward, the Director of Defence Media Operations, announced this during the operational briefing on Thursday in Abuja.

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He said, “The court ordered the release for want of evidence after the conclusion of investigation and other ancillary matters.

“Accordingly, they would be handed over to the Borno State Government for further action.”

BREAKING: Court orders military to release 313 suspected terrorists

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Lagos court sends 25-year-old man to prison for stealing employer’s N54.1m

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Lagos court sends 25-year-old man to prison for stealing employer’s N54.1m

One David Ojonugwa has been remanded for allegedly stealing his boss’ N54,142,000 in Lagos State.

An Ebute-Metta Magistrates’ Court ordered the remand of the 25-year-old defendant on Wednesday.

Ojonugwa was arraigned by the police on three counts bordering on conspiracy, unlawful interference with property, and stealing.

He pleaded guilty to the charges preferred against him by the police.

Consequently, magistrate Adedayo Tella remanded Ojonugwa at the Correctional Centre and adjourned the case till April 24, 2024 for the review of facts and sentencing.

Earlier, the prosecutor, Inspector Francisca Job, informed the court that the defendant committed the alleged offences sometime in January 2024 at Lorange Water Factory, located at No 3, Olajubu Street, Ilupeju area of Lagos State.

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According to Job, Ojonugwa unlawfully disconnected, removed, tampered, and meddled with one 10KVA generator valued at N250,000, a 12 HP submersible pump machine valued at N200,000, an electric motor for a water line, N1.8m, and bottled water machine, N1m.

Others are one injection machine module at N12m, injection machine module, N14m, one set of four cavity module bottles (150CL) at N9m, one set of four cavity module bottles (75CL), valued at N8m, one set of four cavity module bottles (25CL), valued at N5m, one electric for motor shrink wrapper (75KW) valued at N110,000, two floating switches for the bottled water line valued at N20,000, 200 stainless bolts and nuts for installation valued at N92,000, six stainless rods for the installation of the water line valued at N200,000 and 1,000 pieces of medium-sized catfishes valued at N40,000, items that were stolen by the defendant.

She said that the total value of the items stolen was N54,142,000, properties of one Mrs Teju Adeleke.

According to the prosecutor, the offences committed contravened Sections 411, 340, and 287 (7) of the Criminal Law of Lagos State 2015.

Lagos court sends 25-year-old man to prison for stealing employer’s N54.1m

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