Justice Bayo Taiwo of the Oyo State High Court in Ibadan has handed down a 75-year prison sentence to Olaniyan Gbenga Amos, the Chief Executive Officer of Crime Alert Security Network, Ibadan. Amos and his firm, Detorrid Heritage Investment Limited, were convicted on December 14, 2023, on 35 counts of investment fraud.

According to a statement from the Economic and Financial Crimes Commission, they were prosecuted by the Ibadan Zonal Command on charges related to obtaining money by false pretenses. 

The offenses were contrary to Section 1(1) (a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.

One of the charges stated, “That you, Olaniyan Gbenga Amos and Detorrid Heritage Investment Limited, on or about the 20th of February, 2020, at Ibadan, within the jurisdiction of this honourable court, with intent to defraud obtained the sum of N1,540,000 only from Akinlabi Qasim Dada, when you falsely represented to him that the money was meant for registration and investment with Crime Alert Security Network with a promise of 30% return on investment in six weeks (30 working days), which representation you knew to be false and thereby committed an offence of obtaining money under false pretence.”

Another charge accused them of obtaining N170,000 from Alhaji Mukaila Odunayo under similar false pretenses.

The defendants pleaded “not guilty” to the charges, and the EFCC counsel, Sanusi Galadanchi, presented the case, calling six witnesses and tendering eight exhibits. The case was closed on January 24, 2023, following the completion of the prosecution’s case.