Abuja real estate agent gets 24 years in jail for fraud

A Federal Capital Territory High Court has convicted and sentenced property owner Mercy Yusuf to 24 years in prison for $298,000 and £48 million for property fraud.

The Economic and Financial Crimes Commission (EFCC) revealed in a statement on Thursday that Yusuf was indicted on a four-count count bordering on obtaining money under false pretenses, forgery and the use of false documents as genuine.

The defendant and her company, TM Properties Limited, were indicted before Judge E. Okpe on Tuesday March 7 for fraudulently obtaining the sum of $298,000 and ₦40 million from Bacab Properties Limited under the false pretense that she was the usufructuary of Plot. 1721, Jahi District Cadastral Zone B08, Abuja.

However, Yusuf and the other defendant pleaded not guilty to the charges.

In the course of the trial, the prosecutor called six witnesses and produced 14 documents that were admitted into evidence as evidence.

Judge Okpe, in delivering the sentence, held that the prosecution had proven the case against the defendants beyond a reasonable doubt.

The court convicted the defendants on all counts and sentenced them to 10 years in prison for counts one and two, and 2 years in prison for counts three and four concurrently.

The court further ordered the convicts to make restitution in the amount of $298,000 (two hundred and ninety-eight thousand United States dollars) and ₦41 million to the complainant.

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Abuja real estate agent gets 24 years in jail for fraud

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