Court Jails Notorious Investment Sc@mmer, Olaniyan Gbenga Amos, for 63 Years

A Nigerian court has sentenced Olaniyan Gbenga Amos to 63 years in prison for defr@uding investors through bogus investment schemes, the Economic and Financial Crimes Commission (EFCC) announced on Tuesday, April 29, 2025.

Justice Olusola Adetujoye of the Oyo State High Court, Ibadan, delivered the verdict on Monday, April 28, convicting Amos and his firm, Detorrid Heritage Investment Limited, on nine of 30 counts bordering on obtaining money under false pretence. The charges were filed by the EFCC’s Ibadan Zonal Directorate.

According to EFCC spokesperson Dele Oyewale, Amos lured unsuspecting victims with false promises of 30% returns on investments within six weeks, using a f@ke investment platform linked to Crime Alert Security Network. One victim, Bada Titilope, was duped of N995,000, while another, Onifade Isaac Olawale, lost N920,000.

Amos had pleaded not guilty when arraigned on December 14, 2021. His trial began in February 2022 and concluded in October 2024, with the court eventually rejecting his no-case submission and ordering him to open his defence.

Justice Adetujoye sentenced Amos to seven years on each of the nine counts he was convicted of, with the sentences to run concurrently. The court also ordered him to pay restitution to his victims. He was acquitted on the remaining 21 counts.

This is not Amos’s first conviction. He was previously sentenced to 75 years in prison in December 2023 by another judge in a separate fr@ud case and is facing two more trials at Federal High Courts in Ibadan.

The EFCC said Amos’s fr@udulent schemes caused investor losses exceeding N1 billion.