Court sentences bizman, Amadi to 19 months in prison

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*Federal High Court, Lagos.


(Nigeria) The Chief Executive Officer, CEO, of ABD Energy Solution Ltd, Kenneth Amadi, was Monday, convicted, and sentenced to 18 months imprisonment by a Federal High Court sitting in Lagos, over f his involvement in fraud to the tune of N2.9billion.

Trial judge, Justice Ambrose Lewis-Allagoa sentenced Amadi to 18 months imprisonment, to run concurrently, after finding him guilty of the charge brought against him by the Federal Government,  through the office of the Attorney General of the Federation, AGF.

Specifically, he was convicted for nominating the account of his company to customers, A-Z Petroleum Ltd and Ammasco Ltd, for them to act upon as genuine to the prejudice of EUNISELL Ltd, his employers, where he held sway as the CEO, and failure to make a full and true entry in the books and accounts of the company.

Justice Allagoa also held the sentencing is without an option of a fine, and equally ordered that IDID Nigeria Limited, the company used in committing the crime, be liquidated with immediate effect.

Amadi and his company, IDID Nigeria Limited, were prosecuted for conspiracy and fraud to the tune of N2.9 billion.

It was proven that while being in employment by Eunisell, Amadi incorporated IDID Nigeria Ltd, using it to divert funds belonging to his employer.

The convict was charged before the court on the offences bothering on obtaining by false pretence, forgery, unlawful fund conversion, and fraud.

The offences contravened Section 1 of the Advance Fee Fraud and Other Fraud Related Offences Act Cap A6, Law of the Federation of Nigeria, 2004, and punishable under Section 1(3) of the same Act, Section 1(2)(c) of the Miscellaneous Offence Act, Cap M17 Law of the Federation of Nigeria. 2004 and punishable under the same Section of the Act.; Section 27 (b) of Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015 and punishable under Section 14 (1) of the same Act, and Sections 434 and 435 of the Criminal Code Act, Cap C38 Laws of the Federation of Nigeria, 2004 and punishable under the same Section of the Act.

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