Nigerian Convicted In US For COVID-19 Loan Scam, Accomplices Sentenced

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Nigerian Convicted In US For COVID-19 Loan Scam
Nigerian Convicted In US For COVID-19 Loan Scam

Nigerian Convicted In US For COVID-19 Loan Scam Accomplices Sentenced

Olusola Ojo, a Nigerian in Owasso, Oklahoma, United States, has been convicted for fraudulently applying for COVID-19 Paycheck Protection Program (PPP) loans.
The funds were provided by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Acting U.S. Attorney Clint Johnson announced that a jury found Ojo guilty on all charges related to the PPP fraud.

Criminals should understand that diverting taxpayer money meant to help struggling small businesses survive during the pandemic will be fully investigated and prosecuted”,

Johnson stated.

The attorney commended Federal Reserve, Small Business Administration, and FBI agents for their work in the case.

Written by:
Yousuf Uthman Danmadami

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