Lagos Court Remands Man Over N66.5m Fraud

A Lagos Special Offences Court sitting at Ikeja on Thursday remanded a man, Adeleye Fayose, in a custodial centre over alleged N66.5m oil fraud.

Justice Mojisola Dada remanded the defendant in the Ikoyi Custodial Centre after his plea was taken.

The defendant was arraigned by the Economic and Financial Crimes Commission alongside his company, Brooks and Knight International Limited, on three counts bordering on obtaining money under false pretences and stealing.

The EFCC’s prosecutor, Samuel Daji, alleged that the defendant obtained the sum of N66.5m, property of GOSL Nigeria Limited.

Daji told the court that the defendant committed the offences between August 9 and 10, 2018 in Lagos.

According to the prosecutor, the offences contravened sections 278, 285 (1)(8) of the Criminal Laws of Lagos State 2015 and Section 1(3) of the Advanced Fee Fraud and Other Fraud Related Offences Act 2006.

The defendant pleaded not guilty to the charges.

The defence counsel, Mrs Chineye Udeh, informed the court of an application for the bail of the defendant.

Justice Dada remanded him pending the hearing of his bail application and adjourned the case till December 19, 2022.