EFCC arrests couple in Lagos for N2.7 billion fraud
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The Lagos Area Command of the Economic and Financial Crimes Commission (EFCC), on Tuesday, November 28, 2023, in the presence of Justice Mojisola Dada of the Special Offenses Court, Ikeja, Lagos, held the judgment of Ms. Oriyomi Idowu and Ms. Ruth Idowu. The couple was arraigned.
The couple was charged with 20 counts of acquiring cash by false pretenses, cash laundering, theft, custody of stolen property and forgery amounting to N2,757,188,000. and 88 Naira solely).
They had been arraigned together with meals processing corporations Bonway Food Processing Company Limited, Sammy Idowu Company Limited and Farmex Integrated Companies Limited, all belonging to Ruth Idowu.
One of the counts reads: “Ruth Samiha Idowu aka Lowery Ventures, Oriyomi Kabir Idowu aka Yokuri Ventures, Food Processing Companies, Bonway Food Processing Company Limited, Sami Idowu Company Limited, Farmex Integrated – Companies Limited, sometime in the year 2023 in Lagos, within the jurisdiction of this Honorable Court, converted N10,000,000 Naira into cash for the purchase of a GLK Benz.The purchase amount was disclosed with the purpose of concealing the source of the funds. The amount of N500 million Naira belonging to Creditpro Business Support Services was converted into cash.”
Another depend states: “Ruth Sameeha Idowu, alias Loiry Ventures, Oriyomi Kabeer Idowu, alias Yocli Ventures, food processing companies, Bonway Food Processing Company Ltd., Samee Idowu Company Limited, Farmex Integrated Companies Limited, by the jurisdiction of this Court in Lagos during the year 2023. , the amount of N936,619,876 (Only N936 Million, N619,000, N876) was fraudulently deposited in your UBA bank account belonging to Creditpro Business Support. A service knowing that the funds were fraudulently obtained from a support service.”
The defendants pleaded “not responsible” when the fees had been learn to them.
In view of their pleas, prosecuting lawyer Bilikis Buhari prayed the court docket for a trial date and remand of the defendants to a correctional facility.
The first defendant’s lawyer, G. Onwubuya, knowledgeable the court docket of the bail software for his shopper, who’s but to be charged. He prayed the court docket to remand the defendants to the custody of the EFCC and likewise requested for a brief adjournment for the listening to and dedication of the bail software.
In his dissent, Buhari informed the court docket that the EFCC’s storage services had been already maxed out. She additionally informed the court docket that the suitable venue after arraignment was a correctional heart.
The decide dominated that there was no bail software in court docket for the second defendant, whose lawyer, Mr JJ Ogunyemi, had but to use for bail.
As a consequence, Judge Dada adjourned the matter till December 15, 2023 and ordered that the defendant be remanded to a correctional heart “pending trial and determination of the bail application.”
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Source: guardian.ng