Court jails Aluko-Kola, Registrars for N206.5m Stocks Fraud


Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, has convicted and sentenced one Osho Aluko-Kola, who was prosecuted on a nine-count charge bordering on conspiracy and stealing to the tune of N206,502,490.02, to nine years imprisonment.

Justice Dada gave the judgement on Wednesday, after the successful prosecution of the case by the Economic and Financial Crimes Commission (EFCC).

According to a terse post on shared on the anti-graft agency social media page on Friday, Aluko-Kola was arraigned by the Lagos Zonal Command of the EFCC, on July 4, 2020, alongside six companies: Centurion Registrars Limited; United Securities Limited; Evolution Construction & Engineering Design Limited; Cities & Towers Logistics Limited, Continental Exim Nigeria Limited and Diffusion Impex Limited.