Man Sentenced to 3years Imprisonment by Lagos State High Court over $45,000 Forex Scam

Justice Kudirat Jose of the Lagos State High Court, sitting in Ikeja has convicted and sentenced one Chief Ike Chukwu Meregini to three years imprisonment.
The convict was arraigned on 12 May, 2015 on two-count charge bordering on obtaining money under false pretence brought against him by the EFCC.
Meregini ran into trouble when a petitioner, M.S Securities Bureau De Change Limited, allegedly entered into a foreign exchange transaction with him, involving the sum of $45,000 ( Forty-Five Thousand United States Dollars).
The money was paid into his domiciliary account, with an understanding that Meregini would pay the Naira equivalent to the petitioner within five (5) days of the transaction.
Meregini allegedly issued a post- dated cheque to the petitioner and when it was presented, it was returned unpaid.The petitioner said that all efforts to make Meregini refund the money yielded no result.
He pleaded not guilty to the two-count charge and the matter went into full trial.
Justice Jose found him guilty and consequently convicted and sentenced him to three years imprisonment without an option of fine starting from the date of judgement.
The Judge also ordered the EFCC to trace his assets and pay the complainant.


Engr. Michael Chinonso is a graduate in Computer Engineering. He is a simple guy who loves helping people achieve their goals in life. He is a passionate blogger. Apart from blogging, he is a professional graphic designer. Contact him through

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.