Justice O. A. Okunuga of a Lagos High Court, Ikeja has fixed June 28, 2023 for hearing in the alleged $5m, N800m fraud trial involving Sennaike Opeoluwa.

Opeoluwa, alongside his firm, Sennaike Consulting Limited, was arraigned by the Economic and Financial Crimes Commission (EFCC) on six counts bordering on obtaining money by false pretence, forgery and possession of false documents.

He was arraigned on May 9, 2023 for allegedly obtaining the sums of $5 million and N800 million from unsuspecting members of the public fraudulently.

He had pleaded not guilty to all the counts.

The defendant counsel, Akeem Akinroye, moved the application for his bail and also prayed the court to exercise its discretion in favour of Opeoluwa.

He submitted that, “the defendant does not constitute a flight risk and won’t abscond.”

But the prosecution urged the court to dismiss the application and order an accelerated hearing.

However, after listening to their argument and submission on the application, Justice Okunuga admitted him to bail in the sum of N50 million, with two sureties in like sum.

She ordered that the sureties must be gainfully employed and show evidence of tax payment in the last three years.

She ordered the defendant to deposit his passport with the Chief Registrar of the court and subsequently adjourned to June 28, 2023 for hearing.