₦83.5m Fraud: EFCC Arraigns Man over Conspiracy

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₦83.5m Fraud: EFCC Arraigns Man over Conspiracy

The Economic and Financial Crimes Commission, EFCC, Ibadan Office Wednesday, 5th December, 2018 arraigned one Chief Olawale Ladoja before Justice A. L. Akintola of the State High Court 9 sitting in Ibadan, Oyo State.

He was arraigned on two different charges containing two-count information bordering on conspiracy to pervert the cause of justice and making false statement to public officer contrary to Section 126(1) of the Criminal Code (CAP. 38) of Oyo state, 2000.

Olawale, however, pleaded not guilty to the two charges against him.

One of the counts reads “That you Chief Olawale Ladoja and Joseph Gbenga (at large) on about the 4th day of January, 2017 at Ibadan within the Ibadan Judicial Division conspired together to defeat the course of justice by frustrating the Economic and Financial Crimes Commission from securing the attendance and prosecution of Joseph Gbenga in court over alleged case of Obtaining Money Under False Pretence in the sum of N83, 500,000 (Eighty Three Million Five Hundred Thousand Naira) only.

In view of his plea, the prosecuting counsel, O. A. Owodunni approached the court for a trial date and that the defendant be remanded in prison custody. The defence counsel, M. Akintayo, however, presented a bail application on behalf of the defendant which was served to the prosecution counsel in court. But Owodunni prayed the court for time to study and enable him react to the application.

Justice Akintola adjourned the case to 7th December, 2018 for hearing on the bail application.

The defendant was remanded in the Agodi Prison, Ibadan, pending the hearing of his bail application.