11million Fraud: Businessman arraigned for attempting to sell ‘fake’ maize and soybeans 

11million Fraud: Businessman arraigned for attempting to sell ‘fake’ maize and soybeans 

11million Fraud: Businessman arraigned for attempting to sell

The Ibadan zonal workplace of the Financial and Monetary Crimes Fee, EFCC, on Tuesday October 9, 2018 arraigned one Abdulkadir Ibrahim earlier than Justice A. S. Oyinloye of the Excessive Court docket of Kwara State, sitting in Ilorin, on an eight-count cost of conspiracy, prison breach of belief, stealing and acquiring cash underneath false pretence.

Abdulkadir and one Bakare Dauda (now at giant), someday in January 2017 allegedly approached the complainant (title withheld) and satisfied him to make investments the sum of 11,870,000 (Eleven Million, Eight Hundred and Seventy Thousand Naira) solely right into a enterprise of shopping for and reselling of maize and soybeans. In accordance to the complainant, after fee was made to the defendant, all efforts made to get both the product or the cash again proved abortive.

The defendant pleaded not responsible to the counts. In view of his plea, counsel to the defendant, Olumide Abifarin knowledgeable the court docket of a Movement dated and filed on eighth October, 2018 praying the court docket for the bail of the defendant.

Nonetheless, prosecution counsel, Sanusi Galadanchi knowledgeable the court docket that his workplace was served late yesterday and wanted time to reply. He thereafter utilized that the defendant be remanded in jail custody pending bail. Justice Oyinloye nevertheless, adjourned the case to 17, 18 October, 2018 for listening to of bail software and presumably graduation of trial. In the meantime, the defendant shall be remanded in jail custody pending the listening to of his bail software.

One of many Depend Cost reads: “That you simply, Mallam Abdulkadir Ibrahim, on or concerning the 24th of January 2017 at Ilorin inside the Judicial Division of this honourable court docket with intent to defraud, obtained the sum of 4 Million, 4 Hundred and Eighty Thousand Naira (N4,480,000.00) solely from Mr. Ezekiel Ola Babatunde via Mallam Bakare Dauda by falsely pretending that it was additional half fee of the price value of 386 baggage of 100 kilograms of maize and 420 baggage of 100 kilograms of soybeans which you purported to have the capability to provide him and which representations you knew to be false and thereby dedicated an offence”.


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