*remanded in Agodi
By; BAYO AKAMO, Ibadan
The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Command on Tuesday, arraigned an Owo Prince, Toluwalade John Olateru Olagbegi before the Federal High Court, sitting in Ibadan over an alleged fraud of over N35 million
Prince Toluwalade was arraigned before Justice Uche Agomoh on one count charge bordering on obtaining money by false pretence to the tune of Thirty Five Million Five Hundred Thousand Naira (N35,500,000:00) . According to EFCC, the Owo Prince, who resides at Bodija, in Ibadan allegedly collected the sum from the complainant on the pretext of trading in forex.
In the charge sheet, EFCC stated “that you, Toluwalade John Olateru-Olagbegi on or about 4th of March, 2021, at Ibadan within the Ibadan Judicial Division of this Honourable Court with intent to defraud, obtained the sum of Thirty Five Million and Five Hundred Thousand Naira (N35,500,000:00) only from Julius Olorunsogo Alase (a Nigeria Businessman) on behalf of Lusan Royal Trading by false pretending it was part payment of cost of an inflow of One Million United States of America Dollars (USD $1,000,000:00) only you claimed to have secured for him; which representations you knew to be false.
The anti graft commission added, ” you thereby committed an offence contrary to section 1(1)(a) and punishable under section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006”.
Prince Toluwalade pleaded ‘not guilty’ when the charge was read to him.
Justice Agomoh thereafter ordered that he be remanded in the Nigerian Correctional Centre, Agodi
The judge then adjourned the case till October 25, 2021 for hearing of the bail application and November 15, 2021 for commencement of trial.
