This was contained in a statement issued on Friday by the Acting Head, Media and Publicity of the Economic and Financial Crimes Commission, EFCC, Mr Dele Oyewale.

The statement revealed that Erinle was convicted by Justice R.A Oshodi on a three-count charge bordering on conspiracy, retention of proceeds of criminal conduct and obtaining money under false pretence.

According to the statement, two of the charges read, “Kolawole Adedayo Erinle and Edward Dada (still at large), sometime in 2019, at Lagos, within the jurisdiction of this Honourable Court, conspired to falsely represent yourselves as J.E. Dunn, a local construction company in America, with intent to gain monetary advantage in the sum of $1,410,000 (One Million Four-Hundred and Ten Thousand United States Dollars) by creating a fake domain name jedunn.org and thereby committed an offence contrary to Section 8 of the Advance Fee Fraud and Other Related Offences Act No 14, 2006.

“Kolawole Adedayo Erinle, Rinde-Remdex Nigeria Limited and Edward Dada (still at large) on or about the 3rd day of May 2019, at Lagos, within the jurisdiction of this Honourable Court, retain the control of $1,410,000 (One Million Four-Hundred and Ten Thousand United States Dollars) in your Access Bank account, which sum you knew to be proceeds of various internet and cybercrime.”

In the course of the trial, prosecution counsel, T.J. Banjo, presented evidence to prove that Erinle was an ex-convict in the US for bank fraud.

Erinle earlier pleaded “not guilty” to the charges, although he admitted that he was indeed an ex-convict in the US, and spent 23 months in prison.