Builderstech MD Sentenced to 48 Years for N500m Fraud
The Managing Director (MD) of Builderstech Solution Ltd, Mr. Johnson Godwin Agene, has been sentenced to 48 years imprisonment without an option of fine.
Agene was sentenced by the Federal High Court, Makurdi, Benue State, after being found guilty of defrauding over 5,000 Nigerians of more than N500 million.
The Economic and Financial Crimes Commission (EFCC) disclosed the development in a post on X, saying, “Makurdi Court Jails, Johnson Godwin Agene 48 Years Over Investment Scam.
The post further stated: “Justice M.S. Abubakar of the Federal High Court, Makurdi, has sentenced the Managing Director, Builderstech Solution Ltd, Agene Johnson Godwin to 48 years imprisonment without option of fine for defrauding over 5,000 unsuspecting victims to the tune of over N500,000,000 (Five Hundred Million Naira). Johnson was convicted on an amended 8-count charge brought against him by the EFCC.”
The court’s judgment marks a decisive victory against investment fraud in Nigeria, sending a stern warning to individuals and companies that exploit unsuspecting Nigerians for financial gain.
