Subscribe to get Updates
  • Login
The News Bearer
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Automotive
    • Business
    • Celebrities
    • Column
    • Crime
    • Education
    • Featured
    • Features
    • Finance & Tech
    • Fitness
    • Health
    • Health & Wellness
    • History
    • Interview
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Relationships
    • Sports
    • Travel
    • Travel & History
    • Uncategorized

    Oyo – Police nab 10 truck-hijacking syndicate members, recover N100m stolen goods

    Locating Gen Abacha on the 2027 road

    272 suspects arrested, illicit drugs recovered in black spots raid by police

    Sterling Bank charts way forward for Nigeria’s transport, logistics sector

    International Women’s Day 2026: Polaris Bank harps on gender equity as growth strategy

    Two suspects arraigned, remanded in prison for alleged murder of employer, money theft

    Motorcyclist caught with human intestines by police names pastor, Quranic teacher as buyers

  • Lifestyle

    ‎German municipal leaders call for €500 million ‘Loneliness Fund’ to strengthen social ties

    ‎Fuji: A Opera marks 5th anniversary with ‘This Is Fuji,’ begins celebrations Dec 4 ‎

    ‎Hip hop mogul, Diddy, sentenced to 50 months in jail for prostitution-related charges

    ‎Actor, Ibrahim Chatta, loses son

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Automotive
    • Business
    • Celebrities
    • Column
    • Crime
    • Education
    • Featured
    • Features
    • Finance & Tech
    • Fitness
    • Health
    • Health & Wellness
    • History
    • Interview
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Relationships
    • Sports
    • Travel
    • Travel & History
    • Uncategorized

    Oyo – Police nab 10 truck-hijacking syndicate members, recover N100m stolen goods

    Locating Gen Abacha on the 2027 road

    272 suspects arrested, illicit drugs recovered in black spots raid by police

    Sterling Bank charts way forward for Nigeria’s transport, logistics sector

    International Women’s Day 2026: Polaris Bank harps on gender equity as growth strategy

    Two suspects arraigned, remanded in prison for alleged murder of employer, money theft

    Motorcyclist caught with human intestines by police names pastor, Quranic teacher as buyers

  • Lifestyle

    ‎German municipal leaders call for €500 million ‘Loneliness Fund’ to strengthen social ties

    ‎Fuji: A Opera marks 5th anniversary with ‘This Is Fuji,’ begins celebrations Dec 4 ‎

    ‎Hip hop mogul, Diddy, sentenced to 50 months in jail for prostitution-related charges

    ‎Actor, Ibrahim Chatta, loses son

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

No Result
View All Result
TheNewsBearer
No Result
View All Result
Home News

Man sentenced to 30 years imprisonment over $62,500, €36,020 fraud

The News Bearer by The News Bearer
March 30, 2026
in News
Reading Time: 2 mins read
0 0
0
Share on WhatsappShare on FacebookShare on Twitter

A man, Olumuyiwa Teniola Idowu, and his company, Tennyvans Nigeria Limited, on Monday, March 30, bagged a total of 30 years imprisonment after conviction by Justice Ismail Ijelu of the Lagos State High Court, sitting in Ikeja, Lagos.

Idowu had faced a six-count charge bordering on stealing and failure to declare assets amounting to $62,500 and €36,020.

The offences contravened Section 285 of the Criminal Law of Lagos State, 2011, as well as Section 27(3) of the Economic and Financial Crimes Commission (EFCC) Act, 2004, relating to non-disclosure of assets and refusal to declare properties.

One of the counts read:
“That you, Olumuyiwa Teniola Idowu and Tennyvams Nigeria Limited, sometimes in 2012 at Lagos within the jurisdiction of this Honourable court, dishonestly converted to your own use the sum of $62,500 (Sixty-Two Thousand Five Hundred United States Dollars) being the cost of caterpillar parts, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts.”

Another count read:
“That you, Olumuyiwa Teniola Idowu and Tennyvams Nigeria Limited, sometimes in 2012 at Lagos within the jurisdiction of this Honourable court, dishonestly converted to your own use the sum of €36,020 (Thirty six Thousand, Twenty Euro) being the cost and shipping of DAF Truck, Box trailer and two (2) tippers, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts b.v.”

Idowu was first arraigned on November 27, 2024, where he pleaded not guilty, prompting a full trial.

During the trial, prosecuting counsel, E. S. Okongwu, called three witnesses and tendered 11 exhibits, all of which were admitted by the court.

The defence counsel, Kehinde Olawumi, called one witness.

In his judgment, Justice Ijelu held that the prosecution proved its case beyond reasonable doubt and consequently found the defendant guilty as charged.

The court sentenced him to five years imprisonment on counts one to four, to run concurrently. He was also sentenced to five years imprisonment on counts five and six, with an option of a fine of N1 million on each count, to be paid within six months or serve the custodial sentences.

Additionally, the court ordered restitution of $62,500 and €36,020 to the nominal complainant within six months.

The convict was thereafter remanded at the Ikoyi Correctional Centre.

Tags: Economic and Financial Crimes Commission EFCC
SendShareTweet
The News Bearer

The News Bearer

Related Posts

Crime

Oyo – Police nab 10 truck-hijacking syndicate members, recover N100m stolen goods

March 29, 2026
News

‎ICPC to arraign Nasir El-Rufai in Kaduna today

March 24, 2026
News

Rising heatwave: Oyo Govt alerts residents on taking precautionary measures

March 23, 2026
News

‎NAF to sustain onslaught against terrorists

March 23, 2026
News

‎Tinubu secures French military support to tackle terrorism

March 23, 2026
News

‎Jehovah’s Witnesses relax policy on blood transfusion, allow use of self-donated blood

March 22, 2026
Load More

Recommended

Kano CP, Dikko, celebrates birthday, bids farewell as he retires at 60

4 years ago

Two suspected armed robbery syndicate dislodged, arrested by police operatives in Anambra

5 years ago

Don't Miss

Oyo – Police nab 10 truck-hijacking syndicate members, recover N100m stolen goods

March 29, 2026

Locating Gen Abacha on the 2027 road

March 29, 2026

272 suspects arrested, illicit drugs recovered in black spots raid by police

March 28, 2026

Sterling Bank charts way forward for Nigeria’s transport, logistics sector

March 27, 2026
TheNewsBearer

Stay informed with Breaking News Online in Nigeria on The News Bearer. Get real-time updates and analysis of national, international events.

Follow us

Recent News

Oyo – Police nab 10 truck-hijacking syndicate members, recover N100m stolen goods

March 29, 2026

Locating Gen Abacha on the 2027 road

March 29, 2026

Categories

  • Automotive
  • Business
  • Celebrities
  • Column
  • Crime
  • Education
  • Featured
  • Features
  • Finance & Tech
  • Fitness
  • Health
  • Health & Wellness
  • History
  • Interview
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Personal Development
  • Politics
  • Relationships
  • Sports
  • Travel
  • Travel & History
  • Uncategorized

Tags

Adamawa State Police Command Anambra State Police Command Benue State Police Command Bishop Francis Wale Oke Cancer courtesy visit Delta State Police Command Diet Tips DIG Hashimu Argungu Dr Festus Adedayo Dr Sulaimon Olanrewaju Economic and Financial Crimes Commission Economic and Financial Crimes Commission EFCC FCT Police Command Fidelity Bank Fidelity Bank Plc Governor Seyi Makinde Health Symptoms IGP Kayode Egbetokun Inspector General of Police Kwara State Police Command Lagos State Police Command Lagos State Taskforce National Drug Law Enforcement Agency (NDLEA) Nigerian Army Nigeria Police Force Oba Francis Alao Ogun State Police Command OlaOluwa Mimiola Olubadan of Ibadanland opinion article Oyo State Oyo State Government Oyo State Governor Peoples Democratic Party Polaris Bank Police Service Commission PPRO President Bola Ahmed Tinubu Rivers State Police Command Skin Care Thenewsbearer The People's Verdict University of Ibadan Women's Health
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
  • Lifestyle

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.