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Court Jails Ex-Dangote Manager, Two Others for $32,000 Insurance Fraud

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

by Intercept Nigeria
March 10, 2021
in Judiciary
Dangote Cement Graduates 40 Women In Fashion Design

Dangote Group

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The Lagos Zonal Office of the Economic and Financial Crimes Commission, (EFCC), secured the conviction and sentencing of the trio of Raymond Akanolu, a former General Manager, Dangote Industries Limited, Mojisola Aladejobi and Balogun Omololu Alaba.

The conviction was before Justice S.S. Ogunsanya of the Lagos State High Court sitting in Ikeja for $32,000 (Thirty -two Thousand US Dollars) insurance fraud.

The defendants were arraigned on a two-count charge bordering on conspiracy and attempt to obtain money by false pretense to the tune of $32,000 (Thirty Thousand US Dollars).

The defendants, sometime in October, 2014, in Lagos allegedly conspired among themselves to defraud Dangote Industries Limited of the sum of $32,000 (Thirty Two Thousand United State Dollars) by inflating the premium for the renewal of insurance policy cover for its Hawker Aircraft with registration No. 5N-DGN. The offence is contrary to section 323 of the Criminal Law of Lagos State, No. 11 of 2011.

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insurance fraud
Dangote Group

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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