Businessman Ademola arraigned for allegedly defrauding customer of N13.8m

By Paul Iyoghojie

A businessman, Adeyemi Akeem Ademola, 56, has been arrested by the operatives of the Zone 2 Command, Lagos and dragged before a Lagos Magistrates’ Court for allegedly obtaining the sum of N13,800,000 from his customer, Mobolaji Yusuf under false pretence.

Police said the defendant allegedly collected the money from the complainant with the promise to help him invest it in a high interest yielding business with the promise of paying it back.

However, the defendant after collecting the money from the complainant, allegedly failed to pay back the money as agreed and instead switched off his phones and fled.

Police further alleged that when the complainant waited for months without hearing from the defendant about the transactions and his phones were no longer going through, he sensed foul play and quickly petitioned the Assistant Inspector General of Police, AIG Adegoke Fayoade who directed his men to locate the defendant and arrest him.

The Police team swung into action and tracked Ademola to a hideout in Lagos and arrested him.

Ademola was charged before the Igbosere Magistrates’ Court sitting at the Tinubu Magistrates’ Court, Lagos Island on a three-count charge bordering on obtaining money by false pretence and stealing.

Police prosecutor, ASP Ibrahim Haruna told the Court in the charge marked L/29/2025 that the defendant committed the offence in 2024 at Salaudeen Akana Street, Ogudu GRA, Ogudu, lagos.

He said the offences committed were punishable under sections 411,314 and 287 of the Criminal Law of Lagos State, 2015.

Ademola, however, pleaded not guilty to the charges and the presiding Magistrate granted him bail and adjourned the case for mentioning.