Court remands Owo Prince over N35.5million fraud

By AdvocateNews on 14/10/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 358


The Economic and Financial Crimes Commission (EFCC), Tuesday arraigned an Owo prince, Toluwalade John Olateru Olagbogi in the Federal High Court in Ibadan over a N35.5 million fraud.

EFCC is prosecuting Olateru on one count charge bordering on obtaining money by false pretence to said sum.

Olateru resides in the Bodija area of Ibadan in Oyo State, where he allegedly collected the sum from the complainant on the pretext of trading in forex.

According to the charge sheet, the accused intended to defraud his victim identified as a businessman, Julius Olorunsogo Alase under false pretence an offence that contravenes Section 1(1)(a) and is punishable under section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.

He pleaded ‘not guilty to the charge.

The charge reads: “That you, Toluwalade John Olateru-Olagbegi on or about 4th of March, 2021, at Ibadan within the Ibadan Judicial Division of this Honourable Court with intent to defraud, obtained the sum of Thirty-Five Million and Five Hundred Thousand Naira (N35,500,000:00) only from Julius Olorunsogo Alase (a Nigeria Businessman) on behalf of Lusan Royal Trading by false pretending it was part payment of the cost of an inflow of One Million United States of America Dollars (USD $1,000,000:00)only you claimed to have secured for him; which representations you knew to be false and you thereby committed an offence contrary to section 1(1)(a) and punishable under section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.”

Justice Agomoh ordered that the defendant be remanded at the Nigerian Correctional Centre, Agodi and adjourned the case till October 25 for hearing of the bail application as well as November 15 for commencement of trial.

Posted 14/10/2021 7:56:52 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
JUST IN: Gov Okowa dissolves State Executive Council,...

T.B Joshua: Buhari, Jonathan, Govs, others mourn

Nigeria Police seriously underfunded, IG Baba

Man charged with plotting to kill Joe Biden...

APC South East chairmen back Govs’ call for...

Gov Lalong goes into isolation after testing positive...

NCC clears air on speculations of impending mass...

Polls : Can We escape this Gathering Storm...

Kogi fixes date for LG poll, releases timetable...

FIRS, not states should collect VAT —Umahi

SEEDS OF DESTINY TODAY: KEY THOUGHTS ON VISION...

Tiwa Savage, Seyi Shay fight dirty inside Lagos...

 

Latest News Insecurity: Royal Navy Warship arrives in Lagos IPOB threatens a week sit-at-home from November 4 if Kanu is not released Police forced me to borrow N35,000 from online platform to pay bribe – Singer Herdsmen kidnap Enugu fashion designer, demand N2m ramsom Man puts himself up for sale for N20m in Kano Oronsaye report: FG budgets N900bn for agencies recommended for scrapping Gunmen attack police station in Ebonyi; 3 policemen feared dead Low passenger turnout as Abuja-Kaduna train service resumes operations We do not impose multiple taxes, levies on private schools ― Enugu Govt Sit-at-home: You won’t enslave Ndigbo for one week – Ohanaeze tells IPOB 36 Speakers to Buhari: Declare bandits terrorists EFCC arraigns Cecilia Osipitan for N6bn PHCN insurance benefit fraud

 

Most Read Ex-Heads of State will protect Jonathan from persecution —Kukah (191,668 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (191,665 views) Sickle cell support group seeks government intervention (191,664 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (191,662 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (191,660 views) Ebonyi bans embalming of corpses in homes (191,660 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (191,659 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (191,526 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (187,126 views) ASUU strike: Senate intervention ends in deadlock (186,435 views) All you need to know about Peter Obi, PDP VP Candidate (148,828 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (147,128 views)

 

 

SECTIONS FAITH (158) EDITORIAL (18) NEWS (7,001) POLITICS (495) SOCIETY (132) SPORTS (53) BUSINESS (367) HEALTH (58) EDUCATION (50) ENTERTAINMENT (51) INTERNATIONAL (178) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (39)

 

 


There are no video entries posted yet.