*remands them in Correctional custody
By; BAYO AKAMO, Ibadan
An Oyo State High Court sitting in Ibadan on Wednesday remanded three staff of the Osun State Environment Protection over an alleged N8.5 million loan fraud.
The three suspects were arraigned before the court by the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office on a 10 count charge .
The suspects identified as Adegoke Johnson Adebayo, Ayodele Elijah Olubunmi Sunday and Adelowo Waheed Adewole were arraigned before Justice Ladiran Akintola of the Oyo State High Court EFCC in the 10 count charge stated that three suspects are staff of Osun State Environmental Protection Commission, as President, Secretary and Treasurer of the Commission’s staff cooperative society respectively.
According to the charge, the suspects alleged diverted the sum, obtained as loan for the cooperative members were arraigned on a 10-count charge, bordering on conspiracy, abuse of office, stealing, forgery, altering, and obtaining money under false pretence against them.
One of yhe charge reads “that you, Adegoke Johnson Adebayo (President), Ayodele Elijah Olubunmi Sunday(Secretary) and Adelowo Waheed Adewole (Treasurer) and Gbenga Joseph Zacheus (at large) sometime in the year 2014, at Yemetu, Ibadan, within the Ibadan Judicial Division of this honourable court, obtained the sum of N83,500,000.00 (Eighty Three Million and Five Hundred Thousand Naira) only from First Bank of Nigeria Limited by falsely pretending that it is a loan, strictly for members and staff of the Osun State Environmental Protection Commission (Osogbo) Staff Co-operative Investment and Credit Society Limited which representations you knew to be false and you thereby committed an offence.”
The suspects pleaded not guilty to the charges and the prosecution counsel, Dr. Ben Ubi, applied for a trial date and an order for the defendants to be remanded in a correctional facility.
Defence counsel, Barrister A. T. Adeleye, informed the court of a joint bail application of her clients which she said, has been served on the prosecution.
The judge then adjourned the case till October 14, 2020 for the hearing of the bail application and ordered that the defendants be remanded in the custody of Nigerian Correctional Service.
New Nigerian gathered thattrouble started for the defendants following a First Bank of Nigeria PLC petition to the EFCC, alleging that the threesome, sometime in 2014 approached the bank for a loan facility to the tune of N83,500, 000 (Eighty Three Million, Five Hundred Thousand) on behalf of members of the society, but discovered a foul play as the loan beneficiaries began making the repayment in amounts that fell far below the agreed monthly installment.
It was learnt that in the course of investigations, the EFCC discovered that the defendants cooked up the list of the loan beneficiaries and other documents they presented to the bank for the processing of the loan.