Two internet fraudsters, popularly called Yahoo Boys, Tobiloba Ibrahim Bakare and Alimi Seun Sikiru, have been convicted and sentenced to three years Imprisonment, by the Special Offences Court, Ikeja, Lagos.
Apart from the three years jail term, Justice Oluwatoyin Taiwo, also ordered the convicts to forfeit to the Federal Government of Nigeria, the total sum of N204, 041, 216. 82 million; Mercedes Benz E500; Toyota Hilux 2020 model.
The convicts, Bakare and Sikiru are also to forfeit to the federal government, A 5-bedroom duplex, situated at Ibrahim Beto Street, Osapa London, Lekki, Lagos; a 4-bedroom Semi detached duplex situated at Ologolo Jakande, Lekki, Lagos and a 4-bedroom Semi detached Duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos.
Justice Taiwo convicted and sentenced the convicts and made the forfeiture order, after they pleaded guilty to the six counts of conspiracy to retain and retaining stolen items, made against them by the Economic and Financial Crimes Commission (EFCC).
The offences according to the prosecutor, Mr. Idris Mohammed, are contrary to sections 411 and 328(1)and punishable under Section 328 of the Criminal Law of Lagos State, 2015.
The convicts pleaded guilty to the charges, after which they entered a plea bargain agreement with the prosecuting agency.
Following their guilty plea, the prosecutor made application to court to review the facts of the case, which was granted.