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Wake County Businessman Pleads Guilty to Tax Evasion

Raleigh

RALEIGH – A Wake County man pleaded guilty Monday in Wake County Superior Court to tax charges filed by the North Carolina Department of Revenue.

Segun Festus Ajibulu, 60, of 2229 Spring Hill Avenue, Raleigh, NC pleaded guilty on November 16, 2015 to four counts of Attempting to Evade or Defeat North Carolina Individual Income Tax.

Wake County Superior Court Judge George B. Collins, Jr., sentenced Ajibulu to a five- month minimum, six-month maximum prison term. The sentence was suspended and he was placed on supervised probation for 48 months. He was ordered to pay restitution of $19,598.18, and to forfeit all passports and refrain from out-of-state and international travel until all restitution is paid in full. Ajibulu served 91-days in jail, prior to his plea.

The investigation by a special agent with the North Carolina Department of Revenue’s Criminal Investigations Section, found that Ajibulu, the owner of Mr. S Tax Service, located in Raleigh, filed fraudulent 2006, 2007, 2008 and 2009 state individual income tax returns understating his taxable income and overstating business expenses. Ajibulu was arrested on the evasion charges on February 21, 2013, but failed to appear in court on June 23, 2014. Ajibulu was later apprehended on August 11, 2015 at Washington-Dulles Airport in Virginia, by US Customs & Border Protection agents, while attempting to leave on an out-bound flight to his native country of Nigeria. Ajibulu waived extradition, and was transported back to the Wake County Detention Center under a $500,000 bond for failure to appear on the outstanding charges. On September 24, 2015, Wake County Superior Court Judge A. Graham Shirley, II, denied Ajibulu’s request for a reduced bond. Ajibulu was remanded to the Wake County Detention Center where he served 91-days prior to today’s disposition.

 


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