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US Court Sends British-Nigerian To Seven Years In Jail Over $5m Cyber Fraud

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Oludayo Adeagbo, a British-Nigerian, has been sentenced to seven years in prison for his role in a multimillion-dollar business email compromise (BEC) scheme.

According to the US Department of Justice, Adeagbo, who also goes by John Edwards and John Dayo, conspired with others to steal over $3 million from various entities in Texas, including local government bodies, construction companies, and a Houston-area college.

Adeagbo and his co-conspirators also defrauded a North Carolina university of more than $1.9 million.

The case began in August 2022 when Adeagbo and two other Nigerian citizens, Donald Echeazu, 42, and Olabanji Egbinola, 44, were extradited from the United Kingdom (UK), where they had been residing, to face charges of conspiracy, wire fraud, and money laundering.

The US Department of Justice stated that the offences were committed in North Carolina, Texas, and Virginia.

On April 8, Adeagbo pleaded guilty in two cases against him in North Carolina and Texas for participating in a business email compromise scheme, which is also referred to as a “cyber-enabled financial fraud” scheme.

A business email compromise scheme can be initiated by scammers creating fake accounts that mimic companies a business regularly deals with.

Court records revealed that Adeagbo and his co-conspirators gathered information about significant construction projects across the United States, including a multi-million-dollar project at a university in North Carolina.

“To execute the scheme, Adeagbo, Echeazu, and others registered a domain name similar to that of the legitimate construction company in charge of the university’s project and created an email address that closely resembled that of an employee of the construction company,” the Department of Justice said.

“Using the fake email address, the fraudsters deceived and directed the university to wire a payment of more than $1.9 million to a bank account controlled by an individual working under the direction of Adeagbo and his co-conspirators.”

Adeagbo and his co-conspirators employed the same tactics in Texas, targeting local government entities and universities by impersonating construction companies. They stole over $3 million from the scheme, bringing their total haul to $5 million.

Adeagbo has been ordered to pay $942,655.03 in restitution and will serve seven years in prison.

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‘Miracle Money’ Gospel Undermining Nigeria’s Development — Prof. Yemi Osinbajo

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Former Vice-President Yemi Osinbajo has cautioned Nigerian churches against promoting messages centred on miracles and prosperity without responsibility, saying such teachings undermine national development.

Osinbajo spoke in Lagos on Thursday at the 80th birthday lecture of Mike Okonkwo, presiding bishop of The Redeemed Evangelical Mission (TREM). The 24th edition of the Mike Okonkwo Annual Lecture was themed “The Nigeria Of Our Dream: Today’s Reality and a Responsible Pathfinder.”

Delivering a lecture titled “Church as a Responsible Pathfinder in Attaining the Nigeria of Our Dreams,” Osinbajo said only values of integrity, productivity, and responsibility can transform the nation and curb corruption.

“If the gospel is preached correctly, it will create renewed, regenerated men and women. We cannot build a nation on the doctrines of miracle money and shortcuts. True gospel preaching instils diligence, honesty, and responsibility. That is what changes societies,” he said.

The former vice-president warned that Africa’s failure to add value to its natural resources has kept it poor despite vast endowments. He cited cocoa production as an example, noting that while Africa grows the raw material, countries without cocoa dominate global profits by processing it into chocolate.

Osinbajo also drew lessons from the Puritans in Europe, who, he said, transformed their societies by emphasising integrity, hard work, and ethical living.

In his remarks, Bishop Okonkwo urged Nigerians to reflect on the country’s progress nearly 65 years after independence, stressing that every citizen has a role in nation-building.

“The Nigeria of our dreams can be realised, but every one of us must play our part. Responsibility cannot be shifted; we all must take it,” he said.

The chairman of the occasion, retired Major-General Ike Nwachukwu, described Nigeria as “a land of immense promise” constrained by poverty amidst plenty. He called for leaders and citizens who would rise above self-interest to pursue the common good.

At the event, Davina Phillips, winner of the Mike Okonkwo Essay Competition, received a cash prize of ₦1 million.

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Nigeria Politics Is About Betrayal – I Witnessed It In 2015 — Goodluck Jonathan

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Former President Goodluck Jonathan has said that betrayal is a common feature of Nigerian politics, recalling his experience during the 2015 general elections.

Jonathan spoke on Thursday at the 70th birthday celebration of Mike Oghiadomhe, former Edo deputy governor, in Benin, the state capital.

“Politics in the Nigerian standard is about betrayals. I witnessed a lot of betrayal during the 2015 election,” Jonathan said.

He noted that many politicians lack consistency, adding that few can be trusted.

“You will find it difficult to see somebody who will say the same thing in the morning and say the same thing in the afternoon and in the evening,” he said.

“They will tell you something this minute, and in the next hour, they will say another. But, I am quite pleased to associate with Oghiadomhe.”

The former president praised Oghiadomhe as a dependable ally, describing him as someone who would “take a bullet” on his behalf.

“For me, he is somebody you can take his words to the bank. Most politicians, you cannot take their words to the bank,” Jonathan added.

Oghiadomhe, who served as Edo deputy governor between 1999 and 2007, was Jonathan’s chief of staff from 2010 to 2014.

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FAAN Issues Travel Advisory As Reconstruction Of MMIA Terminal One Commences

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The Federal Airports Authority of Nigeria (FAAN) has announced the commencement of reconstruction works at Terminal One of the Murtala Muhammed International Airport (MMIA), Lagos.

In a travel advisory issued on Friday, the authority urged passengers to leave early for the airport to avoid missing their flights during the period of rehabilitation.

“To ensure a smooth travel experience, we kindly request that passengers leave early for the airport to avoid missing flights, obey all traffic instructions to aid traffic flow, and park vehicles properly in designated car park areas,” FAAN said.

The agency also advised that only travellers should come to the airport, citing limited space during the reconstruction process.

On August 1, the Federal Executive Council (FEC) approved contracts worth over ₦900 billion for infrastructure upgrades in the aviation sector. Festus Keyamo, minister of aviation, said at the time that the centrepiece of the projects would be the rehabilitation and modernisation of MMIA’s Terminal One.

According to him, the project will involve a complete overhaul of the terminal, including the rebuilding of its mechanical, electrical, and plumbing systems.

Keyamo disclosed that the rehabilitation of the Lagos airport terminal is expected to cost ₦712.25 billion, with a completion timeline of 22 months.

FAAN appealed for the cooperation of passengers and other airport users, adding that the reconstruction is part of broader efforts to modernise the country’s aviation infrastructure.

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