A High Court in the Oyo State capital, Ibadan, has sentenced serial investment scammer Olaniyan Gbenga Amos to 63 years imprisonment upon being convicted of multiple fraud charges.
The judgment, which was delivered by Justice Olusola Adetujoye on April 28, 2025, followed a 30-count charge brought against him by the Ibadan Zonal Office of the Economic and Financial Crimes Commission (EFCC).
Amos, along with his firm Detorrid Heritage Investment Limited, was convicted of scamming millions from unsuspecting investors with promises of returns. Victims were lured by promises of 30% returns within six weeks for investments in a scam scheme linked to “Crime Alert Security Network.”
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One of the counts was for N995,000 obtained from one Bada Titilope, and another for N920,000 swindled from Onifade Isaac Olawale. Despite his plea of not guilty, the court deemed the evidence—witnesses and various exhibits—to be sufficient to convict.
While Amos had been found not guilty of 21 out of the 30 charges initially, the court held him guilty on 9 counts and sentenced him to seven years on each. The sentences are to run concurrently, and the judge directed restitution to be paid to the victims.
This is months after Amos was sentenced to 75 years by Justice Bayo Taiwo in December 2023 for a similar scam. Amos has two other fraud trials pending at the Federal High Court in Ibadan.
The EFCC said the total loss from Amos’s scams is over N1 billion, citing the dangers of unregulated investment schemes in Nigeria. The authorities have urged the public to be cautious and verify investment opportunities before investing.
The conviction of Amos is a significant win in the fight against cybercrime and fraudulent investment activities.
