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Court convicts man of operating unlicensed financial services

✍️ Ndidiamaka Ede, .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow, Class, Wp-Block-Co-Authors-Plus, Display Inline, .Wp-Block-Co-Authors-Plus-Avatar, Where Img, Height Auto Max-Width, Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar, Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright 📅 November 04, 2025 04:10 PM 🕐 Scraped: November 05, 2025

Summary: ICPC filed the charges against Mr Olakitan and Fortunetech Limited, where he served as secretary.

The Federal High Court in Abuja on Tuesday convicted Ayoola Olakitan of operating an unlicensed financial service business.

The court sentenced him to 12 months’ imprisonment but with an option of N50,000 fine.

Trial judge Muhammad Umar passed the verdict after Mr Olakitan pleaded guilty to the two counts preferred

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Ndidiamaka Ede, .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow, Class, Wp-Block-Co-Authors-Plus, Display Inline, .Wp-Block-Co-Authors-Plus-Avatar, Where Img, Height Auto Max-Width, Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar, Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright

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Published Date

November 04, 2025 at 04:10 PM

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