Alleged N14m Fraud: Court Remands Accused In Prison


An Ikeja High Court on Wednesday ordered that a 52-year old, Olugbenga Peter, be remanded in Ikoyi Prisons, Lagos, pending the fulfillment of his bail conditions.

Peter is facing a seven-count charge of conspiracy and obtaining money under false pretences to the tune of N14.2 million from a Lagos-based businessman, Mr. Taheed Taiwo.

The Economic and Financial Crimes Commission (EFCC) had on February 9 arraigned Peter for allegedly conspiring with a pastor, Olaolu Adepoju, and one Dauda Sulaimon; still at large, to defraud the businessman.

The News Agency of Nigeria (NAN) reports that the accused, who was refused bail at his arraignment, was remanded in prison custody.

The EFCC prosecutor, Mrs.Atinuke Daramola, alleged that the accused had sometime between June 2007 and April 2008 at Allen Avenue, Ikeja, collected the money under the pretext of using it to pay for imported second-hand vehicles for him.

Related News

She said the offence contravened Sections 3(1) and 8(a) of the Advance Fee Fraud and Other Related Offences Act No. 14 of 2006.

But at the resumed hearing of the case on Wednesday, the accused pleaded not guilty to the charge and was granted bail in the sum of N250, 000 with two sureties in like sum.

Justice Adeniyi Onigbanjo ordered that the defendant be remanded in prison custody until he had fulfilled his bail conditions.

He fixed April 4 for the trial of the case.

Load more