Ex-Dangote manager, 2 others jailed for $32,000 Insurance fraud


A Lagos State High Court sitting in Ikeja, has jailed Raymond Akanolu, a former General Manager, Dangote Industries Limited, Mojisola Aladejobi and Balogun Omololu Alaba for $32,000 (Thirty -two Thousand US Dollars) insurance fraud.

They were charged by the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC.

The defendants were arraigned before Justice S.S. Ogunsanya on a two-count charge bordering on conspiracy and attempt to obtain money by false pretense to the tune of $32,000 (Thirty Thousand US Dollars).

The defendants, sometime in October, 2014, in Lagos allegedly conspired among themselves to defraud Dangote Industries Limited of the sum of $32,000 (Thirty Two Thousand United State Dollars) by inflating the premium for the renewal of insurance policy cover for its Hawker Aircraft with registration No. 5N-DGN. The offence is contrary to section 323 of the Criminal Law of Lagos State, No. 11 of 2011.

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They pleaded ‘not guilty’ to the charges preferred against them, thereby leading to their full trial.

The prosecution counsel, S.O. Daji and Babatunde Sonoiki, called witnesses and tendered documents that were admitted in evidence by the Court.

In his judgment, Justice Ogunsanya found the defendants guilty of the offence and sentenced them to seven years imprisonment each on both counts of the charge.