Court Jails Lagos Businessman 30 Years Over $62,500, €36,020 Fraud
Last update: March 31, 2026
Disclaimer: This website may contain affiliate links, which means we may earn a commission if you click on the link and make a purchase. We only recommend products or services that we personally use and believe will add value to our readers. Your support is appreciated!
Lagos court sentences man, firm to 30 years imprisonment for stealing...
Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja has convicted and sentenced Olumuyiwa Teniola Idowu and his company, Tennyvans Nigeria Limited, to a total of 30 years imprisonment over offences bordering on stealing and failure to declare assets.
CBI News reports that the offences involved $62,500 and €36,020, which the court held were dishonestly converted for personal use.
The offences contravened Section 285 of the Criminal Law of Lagos State, 2011, as well as Section 27(3) of the Economic and Financial Crimes Commission (EFCC) Act, 2004, which relates to non-disclosure of assets and refusal to declare properties.
One of the charges read: “Olumuyiwa Teniola Idowu and Tennyvams Nigeria Limited sometimes in 2012 at Lagos within the jurisdiction of this Honourable court, dishonestly converted to your own use the sum of $62,500 being the cost of caterpillar parts, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts.”
Another count stated: “Olumuyiwa Teniola Idowu and Tennyvams Nigeria Limited sometimes in 2012 at Lagos within the jurisdiction of this Honourable court, dishonestly converted to your own use the sum of €36,020 being the cost and shipping of a DAF truck, box trailer and two tippers belonging to Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts B.V.”
Idowu was first arraigned on November 27, 2024, where he pleaded not guilty, leading to a full trial.
During the trial, prosecuting counsel, E. S. Okongwu, called three witnesses and tendered 11 exhibits, all of which were admitted by the court.
The defence counsel, Kehinde Olawumi, however called one witness during the proceedings.
Delivering judgment, Justice Ijelu held that the prosecution proved its case beyond reasonable doubt, and consequently found the defendant guilty as charged.
The court sentenced Idowu to five years imprisonment on counts one to four, with the terms to run concurrently.
He was also sentenced to five years imprisonment on counts five and six, with an option of a ₦1 million fine on each count, payable within six months or serve the custodial sentence.
In addition to the prison sentences, the court ordered the convict to refund $62,500 and €36,020 to the nominal complainant within six months.
