Justice Ismail Ijelu of the Lagos State High Court, sitting in Ikeja, on Mon., Mar. 30, 2026, convicted and sentenced Olumuyiwa Teniola Idowu and his company, Tennyvans Nigeria Limited, to a total of 30 years imprisonment on a 6-count charge bordering on stealing and failure to declare assets amounting to $62,500 and €36,020.
The offences contravened Section 285 of the Criminal Law of Lagos State, 2011, as well as Section 27(3) of the Economic and Financial Crimes Commission (EFCC) Act, 2004, relating to non-disclosure of assets and refusal to declare properties.
One of the counts reads:
“Olumuyiwa Teniola Idowu and Tennyvams 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 being the cost of caterpillar parts, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts.”
Another count reads:
“Olumuyiwa Teniola Idowu and Tennyvams 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 2 tippers, property of Rene Theodorous Johannes Brouwers of Brouwers USA Trucks and Parts b.v.”
Idowu was first arraigned on Nov. 27, 2024, where he pleaded not guilty, prompting a full trial.
During the trial, prosecuting counsel E. S. Okongwu called 3 witnesses and tendered 11 exhibits, all of which were admitted by the court. Defence counsel Kehinde Olawumi called 1 witness.
In his judgment, Justice Ijelu held that the prosecution proved its case beyond reasonable doubt and consequently found the defendant guilty as charged.
The court sentenced Idowu to 5 years imprisonment on counts 1 to 4, to run concurrently. He was also sentenced to 5 years imprisonment on counts 5 and 6, with an option of a fine of N1M on each count, to be paid within 6 months or serve the custodial sentences.
Additionally, the court ordered restitution of $62,500 and €36,020 to the nominal complainant within 6 months.
The convict was thereafter remanded at the Ikoyi Correctional Centre.