Sunday, December 5, 2021

Court jails ex-Dangote manager, 2 others over $32,000 insurance fraud

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Ibrahim Ramalan
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or, or @Rayyan88 on Twitter.
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The Economic and Financial Crimes Commission, EFCC, on Tuesday, secured the conviction and sentencing of the trio of Raymond Akanolu, a former General Manager, Dangote Industries Limited, Mojisola Aladejobi and Balogun Omololu Alaba for $32,000 insurance fraud.

The EFCC spokesperson, Wison Uwujaren, in a statement on Tuesday, said the defendants were arraigned before Justice S.S. Ogunsanya of the Lagos State High Court sitting in Ikeja on a two-count charge bordering on conspiracy and attempt to obtain money by false pretence.

According to him, the defendants, sometime in October, 2014, in Lagos allegedly conspired among themselves to defraud Dangote Industries Limited of the sum of $32,000 by inflating the premium for the renewal of insurance policy cover for its Hawker Aircraft with registration No. 5N-DGN.

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The offence is contrary to section 323 of the Criminal Law of Lagos State, No. 11 of 2011.

They pleaded ‘not guilty’ to the charges preferred against them, thereby leading to their full trial.

The prosecution counsel, S.O.Daji and Babatunde Sonoiki, called witnesses and tendered documents that were admitted in evidence by the Court.

In his judgment, Justice Ogunsanya found the defendants guilty of the offence and sentenced them to seven years imprisonment each on both counts of the charge.

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