A 38-year-old welder,
ALSO READ: "MMM Nigeria: Woman commits suicide after taking loans to invest in Ponzi"
Joshua was found guilty on charges of criminal breach of trust and cheating by the presiding judge, Alhaji Abubakar Sadiq, after he used the money given to him for a project to invest in the scheme with the hope of making a huge profit but was disappointed with the freezing of the MMM accounts.
According to the police prosecutor, Zannah Dalhatu, Joshua, a resident of at Nimasa Estate, Gwarimpa, had collected the money from the complainant, Fagbo Tubosun, in October 2016, but instead of doing the job it was meant for, he put it in the Ponzi scheme.
Dalhatu said after trying in vain to collect his money back, Tubosun reported the matter at Gwarimpa Police Station, leading to the arrest and arraignment of the accused.
ALSOREAD: "MMM Nigeria: Frustrated participant vows to kill operators"
The prosecutor said that during the police investigation, Joshua confessed to the crime which is punishable under Sections 312 and 322 of the Penal Code.