Nigerian British Man Gets 7 Year Jail Term In US For Fraud

Oludayo Adeagbo, a 45-year-old Nigerian-British man, has received a seven-year prison sentence in the U.S. for his involvement in a multimillion-dollar business email compromise (BEC) scheme.

A statement from the U.S. Department of Justice reveals that court documents indicate Adeagbo conspired to engage in multiple cyber-enabled BEC schemes, attempting to steal over $3 million from various entities in Texas, including local governments, construction firms, and a college in the Houston area.

Additionally, Adeagbo and his accomplices are accused of defrauding a university in North Carolina of more than $1.9 million.

He reportedly arrived in the U.S. in August 2022 after being extradited from the United Kingdom to face criminal charges filed in Charlotte and Houston.

The Justice Department announced that Adeagbo pleaded guilty to one count each of wire fraud and conspiracy to commit wire fraud on August 8.

This plea came after the case was transferred from the U.S. District Court for the Southern District of Texas to the U.S. District Court for the Western District of North Carolina.

“Oludayo Adeagbo and his co-conspirators executed transnational cyber-enabled fraud schemes targeting schools, government entities, and businesses across the United States, resulting in millions of dollars in losses,” stated Nicole Argentieri, head of the Justice Department’s Criminal Division.

“Adeagbo’s extradition, plea, and sentencing highlight our commitment to collaborating with law enforcement to pursue cybercriminals who prey on American victims, regardless of where they are located.vanguard