Woman jailed over N17.5m fraud

A 62-year-old woman, Grace Iroro, has been sentenced to 12 months imprisonment with hard labour for conspiring with others to dupe a banker, Wale Bolorunduro, to the tune of N17.5 million.





http://odili.net/news/source/2010/feb/9/607.html

She was found guilty by Justice Morenike Obadina of Ikeja High Court on all three-count charge bordering on conspiracy, forgery and attempt to obtain by false pretences preferred against her by the Economic and Financial Crimes Commission (EFCC).

In 2006, the convict and her accomplices, Ayo Disu and Udoh Nnaji, who were still at large, approached Mr. Bolorunduro, who was then a manager with a new generation bank and offered to sell to him a plot of land at Lekki Phase Two for the sum of N17.5 million.

To make the deal appear genuine, they presented a forged Certificate of Occupancy (C of O) of the land bearing the name of the owner of the property, Mr. Samuel Sosanya.

The victim was invited to the 'office' of the fraudsters on Lagos Island where Iroro posed as Mrs Sosanya, the wife of the owner of the land, while Disu assumed the identity of Mr Sosanya, the owner.

The convict had, since last Thursday, begun her jail term.

Imagine! an old woman that should be resting and enjoying retirement.

She needs the money for retirement na.