Three jailed for diverting dead person’s stocks

The Federal High Court in Lagos on Wednesday sentenced three men Kasumu Ademola, Salau Mikailu, and Ganiyu Ishola to 20 years imprisonment for defrauding a stock firm of N45.6m.

Justice Chukwuejekwu Aneke handed down the jail term after he found them guilty of the offence.

The Economic and Financial Crimes Commission had arraigned the convicts on four counts of conspiracy, unlawful fund conversion, and money laundering before the court to which they pleaded not guilty.

The convicts, who were first arraigned in 2019, had pleaded not guilty to all eight counts and they were admitted to bail on various terms.

Log in to and enjoy the best E-journals, textbooks, and many more

To subscribe to Primsol, go to

For further enquiries/assistance, send an email to [email protected] or call 08050298729

However, the convicts in 2021, informed the court of their intentions to change their earlier not-guilty plea, and they pleaded guilty to the charges.

The three convicts were accused of conspiring and unlawfully converting 298,550 stocks of a deceased man, the late Joseph Adeyemi, valued at N34m.

They were also said to have unlawfully retained the aggregate of the sum of N9.481m, in their bank account.

At the resumed hearing of the case on Wednesday, the convicts’ lawyers, O Muyideen and A. Olufemi, in their plea for leniency, pleaded with the court to temper justice with mercy in sentencing the convicts, by considering that they have been in the detention since 2018 when they were first arrested.

Delivering judgment, Justice Aneke sentenced the convicts to five years in prison.

Call Bridget Edokwe Esq on 08060798767 or send your email to

The cost of the book is Seven Thousand Naira (N7,000) only. Call 08037667945 OR 08028636615 ;  or;;  to get your copy.

Author: Prof Theodore Okonkwo, Ph.D
: CALL: 08065159968; 08068771923: PRICES: N100,000 (SPECIAL EDITION), N60,000.00 (UNIVERSAL EDITION)

Digital Evidence and eDiscovery Law Practice in Nigeria -By Emeka Arinze Esq. [ORDER NOW] – For book cost & placing order, visit

Steps To Subscribe To the Court of Appeal Reports Nigeria

Get ‘Personal Property Law in Nigeria’ By Chief Mike A.A. Ozekhome, SAN (FREE)

Click below to download FREE


BESTSELLER: Commercial and Economic Law in Nigeria By Chief Mike Ozekhome, SAN [ORDER NOW]

To ORDER click the link