Stockbroker Sent To Prison For Defrauding Clients Of N17.5million Worth Of Shares

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An Ikeja High Court on Thursday sentenced a stockbroker, Ayoola Coker, to 30 years imprisonment for stealing N17.5 million shares belonging to two of his clients.Coker, 37, was sentenced by Justice Adeniyi Onigbanjo after he pleaded guilty during re-arraignment. Other News Stanbic IBTC PMI: Nigeria’s private sector expands for fifth consecutive month in JuneNDIC […]

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An Ikeja High Court on Thursday sentenced a stockbroker, Ayoola Coker, to 30 years imprisonment for stealing N17.5 million shares belonging to two of his clients.

Coker, 37, was sentenced by Justice Adeniyi Onigbanjo after he pleaded guilty during re-arraignment.

The judge found him guilty on all the 15 counts of stealing, issuance of dud cheque, forgery and uttering preferred against him by the Economic and Financial Crimes Commission (EFCC).

Onigbanjo consequently sentenced the stockbroker to two years imprisonment on each of the counts.

Onigbanjo, however, held that the sentences should run concurrently starting from Dec.1, 2011.