Nigerian-British national gets sentenced over business email compromise

Sentence

A Nigerian-British national, Oludayo Adeagbo, has been served a seven-year prison sentence in the U.S. following his role in a multimillion-dollar business email compromise (BEC) scheme.

The U.S. Department of Justice in a statement said that court documents indicated that 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.

According to the Justice Department, Adeagbo pleaded guilty to one count each of wire fraud and conspiracy to commit wire fraud on August 8.

Head of the Justice Department’s Criminal Division, Nicole Argentieri pointed that 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.

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

 

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