EFCC Arraigns Benjamin Ola- Adegbayi For N60m Fraud

SAN FRANCISCO, June 07, (THEWILL) – The Economic and Financial Crime Commission EFCC, on Monday, June 5, 2013 arraigned one Chief Benjamin Ola-Adegbayi before Justice Adeniyi Onigbanjo of an Ikeja High Court on a 3-count charge bordering on stealing and obtaining money by false pretence, an offence contrary to section 1(1) (a) and 1(3) of the Advance Fee Fraud and other Fraud Related Offences Act 2006.

Ola-Adegbayi, 67, is alleged to have fraudulently collected the sum of N60,000,000.00 (Sixty Million Naira) from one Tunji Abiodun Atunrase and his company, GSK Real Properties Limited for the purchase of two and half plots of land situated at Layori Street, Ifako, Gbagada, Lagos State, but failed to deliver the land as promised.

When the charges were read to the accused, he pleaded not guilty.

Prosecuting counsel, Iyabo Daramola then informed the court that the prosecution was ready to proceed with trial. She prayed the court for a trial date and that the defendant be remanded in prison custody.

Counsel to the accused person, Yemi Omodele informed the court that the defence had filed a bail application dated May 27, 2013 and prayed the court to grant the defendant bail on liberal terms considering his age and the fact that he is the bread winner of his family.

Justice Onigbanjo granted the defendant bail but ordered him to deposit the original documents of the said land at 3, Bode Joseph Street, Ifako, Gbagada with the Court Registrar within 48 hours. The case was adjourned to December 4, 2013, for trial.