Two Suspects Charged With N47.8m Fraud In Ekiti

Two Suspects Charged With N47.8m Fraud In Ekiti

Ado-Ekiti— Victor Olanipekun, 34, and Olabayo Adeboye, 40, were arraigned yesterday before a Federal High Court in Ado-Ekiti, Ekiti State, over an alleged N47,800,000 fraud……….CONTINUE READING

The suspects faced a four-count charge of conspiracy and fraud, offenses punishable under Section 1(3) and 11 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006, and Section 390(6) of the Criminal Code Act 2004.

Police prosecutor Samson Osobu alleged that Olanipekun unlawfully diverted N21.9 million belonging to Sadesh Global Limited to his personal account. Meanwhile, Olabayo is accused of defrauding the same company of N25.9 million under false pretenses.

Counsel for the defendants, Dotun Omoteye and Funmilayo Akinwumi, made an oral plea for bail on behalf of their clients. However, Justice Babs Kuewumi denied the bail application and adjourned the case to June 17, 2024, for further hearing

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Source: Bushradiogist