Breaking: Lagos Businessman Gets 74-Year Sentence for Bounced Checks and Multi-Million Naira Fraud

After being found guilty on many charges of financial fraud and issuing fraudulent checks, 45-year-old businessman Chukwudi Goodness was sentenced to 74 years in jail by the Lagos State High Court in Ajah..CONTINUE FULL READING>>>>>

He was found guilty by the court of issuing 31 dud checks and cheating numerous people and organisations out of a total of ₦360 million over the course of over ten years of fraudulent activities.

Following a protracted judicial process that included in-depth investigations, witness statements, and forensic financial analysis, the judgement was rendered. Court documents show that Mr. Goodness’s charges included intentional deception, such as acquiring substantial quantities of money under false pretences and sending worthless checks to creditors in an attempt to avoid repayment. The case’s judge, Justice S. I. Sonaike, characterised the defendant’s actions as deliberate, systematic, and seriously harming public confidence in commercial transactions. According to the judge, the punishment was given to maintain the integrity of the financial system, reflect the seriousness of the acts, and act as a deterrence to others.

The case’s prosecutor, the Economic and Financial Crimes Commission (EFCC), hailed the decision as a major win in its continuous fight against white-collar crime. Prosecutors from the EFCC highlighted Chukwudi Goodness’s history of financial losses, which included repeated defaults on debts and deceptive business partner manipulation. The defendant solicited money under various false pretences using his business name, and when pressed for repayment, he issued checks that were dishonoured upon presentation, the court heard throughout the trial. According to reports, the extent of the losses suffered by some of his victims drove them to financial despair.CONTINUE FULL READING>>>>>