Justice Oluwatoyin Ipaye of the Lagos High Court
sentenced yesterday Segun Bright to 63 years
imprisonment for defrauding 40 of people of
N 4 .9 million .
She passed the sentence after Bright pleaded guilty.
Bright was sentenced to three years imprisonment
on each of the 21 - count charge preferred against
him by the Economic and Financial Crimes
Commission ( EFCC ) . The sentence will run
concurrently for three years .
EFCC counsel Mr Emmanuel Jackson told the court
that Bright swindled more than 40 people through a
fraudulent investment scheme .
Jackson said the convict , through his company,
Wexford Global Resources Ltd , committed the
offence between 2008 and 2010 in Lagos.
He said Bright collected between N 10 , 000 and N 615,
000 from people with the promise to re - invest the
funds for high returns .
Jackson said following complaints received by EFCC ,
the convict was arrested and charged to court .
He said the offence contravened Sections 383 ( 1) and
( 9) of the Criminal Code , Laws of Lagos State 2003 .

Don't be carried away with the 63yrs. He's only going to spend 3yrs which is equivalent to 2 calendars years.