Adebayo Adenrele

The Nigeria Police Force, Ekiti command on Thursday arraigned Victor Olanipekun, 34 and Olabayo Adeboye, 40 before the Federal High Court sitting in Ado-Ekiti, Ekiti state over alleged N47,800,000 fraud.

The two suspects were arraigned on four-count charge bordering on conspiracy and fraud, offences punishable under section 1(3)and 11 of the Advance Fee Fraud and other Fraud related offences Act 2006, and section 390(6)of the criminal code Act 2004.

The police prosecutor, Samson Osobu, said Olanipekun unlawfully diverted the sum of N21,900,000 belonging to Sadesh Global Limited to his personal vault while Olabayo under false pretence, defrauded the said company of a total sum of N25,900,000.

The charge sheet FHC/AD/CR/43/2024 reads, “That you Olanipekun Olasunkanmi Victor ‘m’ on or about 12 May, 2024 in Ikere-Ekiti, within the Judicial Division of this honourable Court,under false pretence and with intent to defraud, defrauded Sadesh Global Limited sum of Twenty one million Nine hundred thousand naira (N21,900,000:00), you thereby commit an offence punishable under section 1(3)and 11 of the Advance Fee Fraud and other Fraud related offences Act 2006.

“That you Olanipekun Olasunkanmi Victor ‘m’ on the same date, place and aforementioned Judicial Division of this Honourable Court did unlawfully covert to your own use cash of Twenty one million Nine hundred thousand naira (N21,900,000:00), belonging to Sadesh Global Limited, you thereby commit an offence punishable under section 390(6)of the criminal code Act 2004.

“That you Adeboye Adewale Adebayo ‘m’ on or about 12′ May,2024 in Ado- Ekiti,within the Judicial Division of this honourable Court,under false pretence and with intent to defraud, defrauded Sadesh Global Limited sum of Twenty five million Nine hundred thousand naira (N25,900,000:00), you thereby commit an offence punishable under section 1(3)and 11 of the Advance Fee Fraud and other Fraud related offences Act 2006.

“That you Adeboye Adewale Adebayo ‘m’ on the same date,place and aforementioned Judicial Division of this Honourable Court did unlawfully covert to your own use cash of Twenty five million Nine hundred thousand naira (N25,900,000:00), belonging to Sadesh Global Limited, you thereby commit an offence punishable under section 390(6)of the criminal code Act 2004”.

On their part, counsels to the defendants, Dotun Omoteye and Funmilayo Akinwumi made an oral plea for the bail application of their clients.

However, delivering his judgment, Justice Babs Kuewumi rejected the bail application and adjourned the case to 17th June, 2024 for further hearing.

Meanwhile, the suspects have been recently remanded by the Magistrate Court sitting in Ado-Ekiti.