Lagos Court Jails Businessman 30 Years Over $62,500 and €36,020 Scam
A Lagos State High Court in Ikeja has sentenced Olumuyiwa Teniola Idowu and his company, Tennyvans Nigeria Limited , to 30 years in prison for fraud involving $62,500 and €36,020. The judgment was delivered on Monday, March 30, 2026, by Justice Ismail Ijelu, who found the defendants guilty on a six-count charge bordering on stealing and failure to declare assets, according to a statement by the Economic and Financial Crimes Commission (EFCC). The charges were filed under Section 27(3) of the EFCC Act, 2004 and Section 285 of the Criminal Law of Lagos State, 2011, which address non-disclosure of assets and related financial crimes. According to the EFCC, the convict fraudulently converted $62,500 meant for the purchase of caterpillar parts belonging to Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts. In a separate count, Idowu was also found guilty of converting €36,020, which was intended for the purchase and shipment of a DAF truck, a box trailer, a...
