Barring any last-minute change, March 27, 2024, has been slated for the possible arraignment of a suspected fraudster, Oluwatomilola Balogun and two companies.
She is expected to be arraigned before Justice Ibironke Harrison of the High Court of Lagos State, Tafawa Balewa Square (TBS), over the alleged usage of Twelvest Limited and Vestract Limited as an instrument to perpetrate about N69m and $10,000.00 fraud.
The four-count charge against the defendants was initiated by the Directorate of Public Prosecutions (DPP), and it borders on obtaining by false pretence.
According to the DPP, the offence is contrary to Section 314(3) of the Criminal Law, Ch. C17, Vol.3, Laws of Lagos State, 2015.
In the criminal charge, Oluwatomilola Balogun (F), Twelvest Limited, and Vestract Limited, sometime from February 2019 until December 2021, at Suite GO2B, the waterside, 5 Admiralty Road, off Admiralty Way, Lekki Phase 1, Lagos State, in the Lagos Judicial Division fraudulently obtained the sum of Thirty-six Million, Six Hundred and Seventy-One Thousand Naira (N36,671,000.00) and the sum of Five Thousand US Dollars ($5,000) from one Omobolanle George Epebitie (F) by representing yourself as a financial advisor and advising her to invest in businesses and representing to get her Return on Investment.
On the second count charge, the defendants were alleged to have fraudulently obtained the sum of Twelve Million Naira (N12,000,000.00) and the sum of Four Thousand US Dollars ($4,000) from one Eriye Onagoruwa (F) by representing themselves as a financial advisor and advising her to invest in businesses and representing to get her Return on Investment.
While on the third count, they were alleged to have fraudulently obtained the sum of Five Million, Five Hundred and Eighty-Five Thousand Naira (N5,585,000.00) and the sum of One Thousand US Dollars ($1,000) from one Adeola Odunlami (F) by representing themselves as a financial advisor and advising her to invest in businesses and representing to get her Return on investment.
The defendants were further alleged to have fraudulently obtained the sum of Fourteen Million, Five Hundred Thousand Naira (N14,500,000.00) from one Modupe Ayeni (F) by representing themselves as financial advisor and advising her to invest in businesses and representing to get her Return on Investment.
The Special Fraud Unit of the Nigeria Police who conducted the investigation is expected to provide the defendants to face trial
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