WATCH THE VIDEO HERE Two separate Oyo State High Court sittings in Ibadan have convicted and sentenced Olaniyan Gbenga Amos to years in jail over a N1 billion investment fraud. This is according to a statement by the Economic and Financial Crimes Commission (EFCC) on Tuesday. He was convicted alongside his firm, Detorrid Heritage Investment Limited. While Justice Olusola Adetujoye jailed the convict on April 28, 2025, Justice Bayo Taiwo of the Oyo State High Court, Ibadan, had earlier convicted the defendant for a similar offence on December 14, 2023. Delivering judgment on April 28, 2025, Justice Adetujoye convicted and sentenced Amos to seven years’ imprisonment on each of counts 6, 16, 17, 18, 19, 21, 22, 23, and 24, but discharged and acquitted him on counts 1–5, 7–15, and 20, as well as counts 25–30. The court ordered that the sentences run concurrently, and that the convict must restitute the victims, meaning he will spend seven years in prison. More Insights The EFCC also highlighted that Amos was previously convicted and sentenced to years in prison by Justice Bayo Taiwo of the Oyo State High Court, Ibadan, for a similar offence on December 14, 2023. It added that the convict has two other ongoing trials before the Federal High Courts in Ibadan, Oyo State, describing him as an alleged serial fraudster.
Courts jail convicted fraudster for over N1 billion investment fraud in Ibadan
