APC & CORRUPTION DRAMA! #Former Oyo commissioner Arraigned Over Alleged N77m Fraud# The police, on Thursday, arraigned a former Commissioner for Trade, Investment and Cooperative in Oyo State, Mr Kazeem Adedeji, before Justice Chukwujekwu Aneke of a Federal High Court sitting in Lagos, on allegations of fraud, involving the sum of N77 million. He was arraigned alongside two others on a six-count charge bordering on conspiracy and fraud Those arraigned alongside the former commissioner are Yinka Fatoki and Kolawole Adewole. The trio pleaded not guilty to all the charges preferred against them by the police and the police prosecutor applied that they be remanded in prison custody. Justice Aneke, based on the prosecutor’s application, ordered that the accused persons be remanded at the Ikoyi Prisons. Before this, the prosecutor had informed the court that the former commissioner’s lawyer, Bode Iranloye, had just served him a bail application on behalf of his clients, adding that he would need time to respond to the application and file his counter affidavit in reply. The matter was adjourned till October 8. During the arraignment, the prosecutor, Effiong Asuquo, had informed the judge that the accused persons allegedly committed the offence between July 2012 and June 2013. He explained further that sometime in 2012 and while the former commissioner was in office, Oyo State government entered into partnership agreement with the Bank of Industry, known as OYSG/B.O.I Fund, to create a pool from which indigenous entrepreneurs could access credit facilities. He added that the parties made a contribution of N500,000,000 each, which according to him, amounted to N1 billion joint contribution and that the joint venture was aimed at promoting micro and medium business in the state. The police prosecutor also alleged that the former commissioner lodged the said contributions in Enterprise bank where his wife allegedly worked as account officer, without the consent and approval of the state government. Asuquo further maintained that the accused consequently conspired to obtain over N77 million, which was allegedly allocated to non-existing companies. “The accused granted the facilities to Josh-Tolani Ventures, Tembenatil Ventures, Ojoo God’s Grace Cooperative Society, Agric Preserve Company Limited, and Adis Steel Work Limited. “Upon investigation at the Corporate Affairs Commission (CAC), it was discovered that none of these companies existed. “The offence contravene the provisions of Sections 1(1), 1(3) (a) and 8 of the Advance Fee Fraud and Other Fraud Related Offences Act, Cap A6, Laws of the Federation, 2004.
Posted on: Fri, 04 Oct 2013 05:56:42 +0000
Trending Topics
Recently Viewed Topics
© 2015