Student Village Academy Forums GENERAL DISCUSSIONS A FUOYE NANS executive has been imprisoned for N195 million in internet fraud.

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      A FUOYE NANS executive has been imprisoned for N195 million in internet fraud.

      Adeyemi Israel Abiodun, a 200-level student in the Department of Economics and Development Studies at the Federal University of Oye-Ekiti (FUOYE), has been sentenced to one year in prison for internet-related fraud.

      FUOYE NANS executive jailed over N195m internet fraud

      Adeyemi, the Director of Logistics for the FUOYE Chapter of the National Association of Nigerian Students (NANS), was sentenced alongside 40 other fraudsters on a separate one-count charge before four judges of the Oyo State High Court in Ibadan.

      According to the EFCC, their offenses on Wednesday, August 24, bordered on impersonation, obtaining money under false pretense, obtaining property under false pretense, and forgery.

      Abiodun, who was arraigned before Justice Iyabo Yerima, was accused of conspiring with one Odaise Precious Abiola (aka Prezzy) (at large) to forge cheques from various banks in the United States of America on March 30, 2022, in Ibadan.

      He pleaded guilty to the crime, was found guilty, and was sentenced to one year in prison without the possibility of a fine. He was also ordered to pay $1,000USD (One Thousand United States Dollars) in restitution and forfeit to the Federal Government of Nigeria a white Mercedes Benz CLA-250 with a customized NANS plate number worth N16million, a gold neck chain and one ice neck chain worth N3.6million, bitcoin worth $58, 854.88USD, one Apple MacBook Pro 2020 Model, and an iPhone 12 Pro Max.

      Adeyemi was arrested in March 2022, along with 79 others, in an EFCC sting operation for alleged internet fraud. Investigations revealed that the student received N195, 274, 331.00 as a cumulative heist from cyber-fraud involving the forgery of over 25 US bank cheques between July 2021 and March 2022.

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