by Damilola Jagun
At the Lagos High Court on Tuesday, December 16, Segun Bright was sentenced to 63 years imprisonment for defrauding 40 people of N4.9million.
According to the EFCC counsel Mr Emmanuel Jackson, the suspect swindled more than 40 people through a fraudulent investment scheme.
Jackson said the convict, through his company, Wexford Global Resources Ltd, committed the offence between 2008 and 2010 in Lagos.
He said Bright collected between N10, 000 and N615, 000 from people with the promise to re-invest the funds for high returns.
The prosecuting counsel stated that after the EFCC received complaints from victims, the convict was arrested and charged to court.
After Bright pleaded guilty, Justice Oluwatoyin Ipaye sentenced him to three years imprisonment on each of the 21-count charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
The sentence is expected to run concurrently for three years.
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