EFCC arraigns Owo prince for alleged N35.5m fraud
Nabs 22 suspected Internet fraudsters in Oyo
The Ibadan Zone of the Economic and Financial Crimes Commission (EFCC), has arraigned one Toluwalade John Olateru Olagbegi before Justice Uche Agomoh of the Federal High Court, Ibadan, on one count charge bordering on obtaining money by false pretence to the tune of N35.5 million.
Olagbegi, an Owo prince, who resides at Bodija, allegedly collected the sum from the complainant on the pretext of trading in forex.
The charge reads: “That you, Toluwalade John Olateru-Olagbegi on or about March 4, 2021, at Ibadan within the Ibadan Judicial Division of this Honourable Court with intent to defraud, obtained the sum N35.5 million only from Julius Olorunsogo Alase (a Nigeria Businessman), on behalf of Lusan Royal Trading by pretending it was part payment of cost of an inflow of $1 million, you claimed to have secured for him; which representations, you knew to be false and 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”.
The defendant pleaded ‘not guilty’ when the charge was read to him. Consequently, Justice Agomoh ordered his remand in the Nigerian Correctional Centre, Agodi, and adjourned till October 25 for hearing of his bail application and November 15 for commencement of trial.
SIMILARLY, the anti-graft agency has arrested 22 ”Yahoo Boys” for alleged involvement in internet fraud. They were arrested during an operation at their hideout in Ogbomoso, Oyo State based on intelligence on their alleged criminal activities.
At the point of their arrest, five cars, several mobile phones, laptops and other incriminating documents were recovered from them.
The anti-graft agency said 20 of the suspects have been indicted and would be charged to court as soon as the investigation is concluded.