Nigerian cryptocurrency fraudster jailed five years for $1.6m sleaze

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*Pix above: Benjamin Ikaa

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The Economic and Financial Crimes Commission (EFCC) has secured the conviction of one Benjamin Ikaa who was arraigned before Justice Emeka Nwite of the Federal High Court, Abuja.

He was sentenced to five years’ imprisonment for his involvement in $1.6million cryptocurrency fraud.

The commission disclosed this in a statement shared on its Facebook page on Thursday, in which it said that Ikaa pleaded guilty to  one-count charge.

The statement reads inter alia: “The Economic and Financial Crimes Commission, has secured the conviction and sentencing of Benjamin Ikaa before Justice Emeka Nwite of the Federal High Court, Abuja.

“In view of his plea, prosecuting counsel, Aso Larrys Peter, prayed the court to convict him as charged.

“The defence counsel, Abel Adaji, pleaded with the court to temper justice with mercy, stating that the convict has become remorseful and was a first -time offender./PLEASE SHARE

*Tags: EFCC, Benjamin Ikaa, cypto fraud

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