Police Seek Warrant To Arrest Lagos Businessman

The Nigerian Police Force has filed an application in a federal high court in Lagos, urging the court to issue warrant of arrest against a Lagos businessman, Adeloye Richard Olukemi, alleged to have fraudulently obtained N80 million from Chief Executive Officer of Cross Country Company, Bube Okorodudu.

In an affidavit in support of the application sworn to by a police officer, Nkem E. Raphael(SP) from the legal/prosecution section of Force Headquarters, Abuja, the Deponent alleged that on 25 October, 2011, he filed criminal charges at the Federal High Court against Adeloye Richard Olukemi and his company A.G Moeller Limited.

The accused, after being granted police bail on 4 March, 2011, has refused to honour police invitation till date and all efforts to get his surety to produce him have failed.

Mr. Nkem averred further that the offences the accused person is alleged to have committed are serious and he, therefore, requires a warrant for his arrest. He said there is reasonable grounds for believing that the accused will not honour any summons served on him unless he is compelled through arrest to appear in the court.

Consequently, the deponent urged the court in the interest of justice to grant the application as the accused will not be prejudiced by so doing.

In a five-count criminal charge number FHC/L/398C/2011 field in the court, it was alleged that Adeloye Richard Olukemi, being the Chairman and Chief Executive Officer of A.G Moeller Limited, on 29 March, 2007, at 2, Ebun Street, Surulere, Lagos State, southwest Nigeria, with intention to defraud, allegedly obtained N80 million from Bube Okorodudu, the Chief Executive Officer of Cross Country Company in excess of the capital sum of N140 million advanced to him through a contract of finance lease facility induced by false pretence and thereby committed an offence contrary to and punishable under sections 1 (3) of the advance fee fraud and other related offences act 2006.

The accused, at the same time and place, was also alleged to have conspired with others now at large, to transact business without a valid licence by the Central Bank, thereby committing an offence punishable under section 517 of the criminal code.

Mr. Nkem further alleged that A.G Moeller Limited, a corporate body registered with the Corporate Affairs Commission with certificate of incorporation number RC256506 and address at 2, Ebun Street off Babatunde Street, Off Ogunlana Drive Surulere, Lagos, same day and time, transacted a financial business without licence as prescribed by law and thereby committed an offence punishable under section 59 of the banks and other financial institutions laws.