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Court Convicts Manhattan MD Olumuyiwa Williams Over N109m Fraud

A Special Offences Court in Ikeja has convicted a businessman, Olumuyiwa Samuel Williams and his firm, Manhattan Corporation Essentials Limited for N109m fraud.

The Economic and Financial Crimes Commission, EFCC, had arraigned Williams and his company with a three-count amended charge bordering on stealing and conspiracy to commit felony to wit, stealing.

He had pleaded “not guilty” to the charges when he was arraigned prompting commencement of trial.

In the course of the trial, the prosecuting counsel, Spife Owede, called four witnesses and tendered several documentary evidence to prove the case against him and his company.

The defendant testified for himself and did not call any other witness.

Also Read: Financial Expert, Adenmosun in Messy N26Billion Fraud

Delivering judgement, Justice Taiwo held that the prosecution proved the case of conspiracy to steal and stealing against the defendants beyond every reasonable doubt.

Justice Taiwo thereafter pronounced him guilty as charged and sentenced to two years in prison.

He was also ordered to restitute the sum of N109 million to his victim, Equitorial Energy Company Limited within one year.

He was however given an option of fine of N2million for the offence of stealing. The company was also fined N2million.

One of the charges reads: “Olumuyiwa Samuel Williams, Rotimi Ogundairo (at large), Captain Edward Williams (at large), Olayinka (at large), Manhattan Corporation Essentials Limited, Atlantic Finaplux Limited and Jodaf Investment Nigeria Limited on or about 9th day of January 2017 at Lagos within the jurisdiction of this Honourable Court and 9th day of February 2017 with a dishonest intent stole a cumulative sum of N41,250,000 property of Equitorial Energy Company Limited.”

 

 

 

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Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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