An oil marketer, Victor Ojomo, and his company, Vijorm Oil Nigeria Limited, has been sentenced to 30 years imprisonment by a Special Offences Court sitting in Ikeja, for initiating and defrauding a businessman of N47,645,000.
Delivering the judgment on Friday, Justice Rahman Oshodi found Ojomo guilty on three counts: conspiracy to obtain money by false pretence, obtaining money by false pretence, and stealing.
“You orchestrated an elaborate scheme to defraud the victim of N47,645,000 and showed no remorse throughout the proceedings.
“The victim has been deprived of his funds for years, and the impact on his life cannot be overstated,” the judge stated in his judgment.
Convicting Ojomo’s company, Justice Oshodi further held that it would be wound up if it failed to a restitution of the sum of N47,645,000 to the victim within 90 days.
He also noted that, “Given the severity of the offences and the need for deterrence, I have decided to impose a sentence of 70% of the maximum prescribed sentences.”
The court sentenced Ojomo to 14 years’ imprisonment for both the first and second counts, and two years and one month for the third count.
These sentences are to run concurrently, beginning from July 10, 2023, the date of his remand.
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