Customer Support

JACOB
V.
FRN

(2026) JELR 115134 (SC)

Supreme Court 17 Apr 2026 Nigeria
BriefBot icon

BriefBot Summary

Free

- The appellant and two others were charged at the Federal High Court, Abuja, for luring over 1,000 members of the public to invest in an unregistered investment scheme, contravening Section 54 of the Investment and Securities Act, 2007. -

Case Details

Suit Number:SC.CR/1059/2023
Judges:Uwani Musa Abba Aji JSC, Ibrahim Mohammed Musa Saulawa JSC, Tijjani Abubakar JSC, Chioma Egondu Nwosu-Iheme JSC, Jamilu Yammama Tukur JSC
Counsel:OJONIMI S. APEH, with him, ABIOLA A. KOLAWOLE, NAOMI O. AITOMUN and OMOTOYOSI E. ODUNIYI For The Appellant. MAIMUNA LAMI SHIRU, (Director, Civil Litigation), with him, MERCY TOLULOPE AKEREDOLU and RUTH NGUHILEN AKUME For The Respondent.

JAMILU YAMMAM TUKUR, J.S.C. (Delivering the Lead Judgment):

INTRODUCTION

This is an appeal against the judgment of the Court of Appeal (the lower Court), Abuja Division, delivered on 01/06/2023 in Appeal No. CA/ABJ/CR/622/2021, which affirmed the decision of the Federal High Court (the trial Court), sitting in Abuja, delivered by His Lordship Hon. Justice D.U. Okorowo on the 28/06/2021, wherein the appellant and two others were convicted and sentenced to one year’s imprisonment with hard labour.

BRIEF STATEMENT OF FACTS

The facts of the case, briefly stated, are that the appellant and two others were charged and arraigned before the trial Court on the 28/06/2021 on a two-count charge with Charge No: FHC/ABJ/CR/40/2021 for luring over one thousand unsuspecting members of the public to subscribe to and invest in an unregistered investment scheme. The Charge was read to the appellant and his co-accused persons and they all pleaded not guilty to count one but pleaded guilty to count two.

Foll…

There's more. Sign in to continue reading.

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 77,000 cases, recent judgments, statutes, and rules of court.