A Lagos State High Court sitting in Ikeja has convicted and sentenced Olumuyiwa Teniola Idowu and his company, Tennyvans Nigeria Limited, to a total of 30 years in prison over a fraud case involving $62,500 and €36,020.
The judgment was delivered on Monday, March 30, 2026, by Justice Ismail Ijelu, who found them guilty on a six-count charge related to stealing and failure to declare assets.
According to the Economic and Financial Crimes Commission (EFCC), the offences violated Section 285 of the Criminal Law of Lagos State, 2011, and Section 27(3) of the EFCC Act, 2004, which deal with non-disclosure of assets and refusal to declare properties.
One of the charges stated:
“Olumuyiwa Teniola Idowu and Tennyvans Nigeria Limited, sometime in 2012 at Lagos within the jurisdiction of this Honourable Court, dishonestly converted to your own use the sum of $62,500 (Sixty-Two Thousand Five Hundred United States Dollars), being the cost of caterpillar parts, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts.”
Another charge read:
“Olumuyiwa Teniola Idowu and Tennyvans Nigeria Limited, sometime in 2012 at Lagos within the jurisdiction of this Honourable Court, dishonestly converted to your own use the sum of €36,020 being the cost and shipping of a DAF truck, box trailer and two (2) tippers, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts B.V.”
The defendant was first arraigned on November 27, 2024, where he pleaded not guilty, leading to a full trial.
During the trial, the prosecuting counsel, E. S. Okongwu, presented three witnesses and eleven exhibits, all accepted by the court. The defence counsel, Kehinde Olawumi, presented one witness.
In his judgment, Justice Ijelu ruled that the prosecution proved the case beyond reasonable doubt and found the defendant guilty.
The court sentenced Idowu to five years imprisonment on counts one to four, to run at the same time. He was also given five years imprisonment on counts five and six, with an option to pay a fine of N1 million on each count within six months or serve the jail term.
The court also ordered that the stolen sums of $62,500 and €36,020 be returned to the complainant within six months.
Following the judgment, the convict was taken to the Ikoyi Correctional Centre.
