For his role in serial investment fraud, Olaniyan Gbenga Amos, also known as Crime Alert Security Network, received a 75-year prison sentence.
Judge Bayo Taiwo of the Oyo State High Court in Ibadan found Amos and his business, Detorrid Heritage Investment Limited, guilty and jailed them on December 14. 35 charges of false pretences, a breach of Section 1(1)(a), and an offence punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 were brought against them.
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Economic and Financial Crimes Commission (EFCC) Counsel Sanusi Galadanchi began the case on February 17, 2022, summoned six witnesses, submitted eight evidence, and on January 24, 2023, the matter was closed. Upon the conclusion of the prosecution’s case, the defendant submitted a “no case submission,” which the court rejected. As a result, the defendant called three witnesses to testify both in opening and closing. Justice Taiwo then postponed making a decision on the case until December 14, 2023.
When the trial resumed on December 14, Justice Taiwo found the defendant guilty on four counts and sentenced him to 15 years in jail; however, he was found not guilty on the other thirty-one counts.
In addition, the court mandated that the offender return the victims and that the sentence run concurrently.
In Ibadan, Oyo State, Amos is currently facing three further trials in Federal and State High Courts.
The EFCC apprehended the guilty party and had them appear before Justice Bayo Taiwo on December 14, 2021. He used fraudulent investment schemes to defraud multiple people of over N1 in bullion.
