Court jails fraudster five years for $1.6m cryptocurrency fraud

Nedu Okorie 2024-01-11 0

The Economic and Financial Crimes Commission (EFCC) has secured the conviction of one Benjamin Ikaa who was summoned before Justice Emeka Nwite of the Federal High Court, Abuja.

He was sentenced to five years imprisonment for his involvement in $1.6million cryptocurrency fraud.

The commission disclosed this in a statement shared on its Facebook page on Thursday.

According to the statement, Ikaa pleaded guilty to  one-count charge.

The statement partly read, “The Economic and Financial Crimes Commission (EFCC), has secured the conviction and sentencing of Benjamin Ikaa before Justice Emeka Nwite of the Federal High Court, Abuja.

“In view of his plea, prosecuting counsel, Aso Larrys Peter prayed the court to convict him as charged.

“The defence counsel, Abel Adaji, pleaded with the court to temper justice with mercy, stating that the convict has become remorseful and was a first -time offender.