US EditionNigerian court jails investment fraudster for 63 years
- On April 28, 2025, a judge at the High Court in Ibadan sentenced Olaniyan Gbenga Amos and his company, Detorrid Heritage Investment Limited, to 63 years in prison for involvement in multiple counts of investment fraud.
- The prosecution by the EFCC on 30-count charges followed allegations that Amos obtained money by false pretenses through fake investment schemes dating back to June 18, 2020.
- Amos promised victims a 30% return within six weeks and allegedly defrauded investors of more than N1 billion, with eight witnesses called during the trial.
- The court sentenced Amos to 63 years imprisoning him concurrently on multiple counts and mandated restitution to victims while previously sentencing him to 75 years for similar offenses.
- Amos is currently facing legal proceedings in two separate cases at the Federal High Courts located in Ibadan, related to his fraudulent investment schemes.
14 Articles
14 Articles
Nigerian Businessman Bags 63 Years Imprisonment For Multiple Investment Fraud - Security News Alert
Justice Olusola Adetujoye of the Oyo State High Court sitting in Ibadan, on Monday, April 28, 2025, convicted and sentenced Olaniyan Gbenga Amos to sixty-three (63) years’ jail term for multiple investment fraud. He was convicted alongside his firm, Detorrid Heritage Investment Limited. They were prosecuted on 30-count charges by Ibadan Zonal Directorate of […] The post Nigerian Businessman Bags 63 Years Imprisonment For Multiple Investment Frau…
Court Sentences Man to 63 Years in Prison for Investment Fraud - TV360 Nigeria
The Oyo State High Court in Ibadan has sentenced Olaniyan Gbenga Amos to 63 years imprisonment for orchestrating a fraudulent investment scheme that defrauded investors of over ₦1 billion. According to Solacebase, Justice Olusola Adetujoye found Amos guilty on multiple counts related to the fraudulent activities conducted through his company, Detorrid Heritage Investment Limited. The court’s verdict reflects a strong stance against financial cr…
Serial investment fraudster bags 63 Years - PENPUSHING
A serial investment fraudster Olaniyan Gbenga Amos has been sentenced to sixty-three years jail term by the Oyo State High Court sitting in Ibadan, capital of the state for multiple investment fraud. Penpushing reports that Head, Media and Publicity of the Economic and Financial Crimes Commission (EFCC), Dele Oyewale in a statement said Amos was …
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