Force Investigation Department nabs fake farm investor for N20m fraud

Arrested man handcuffed

Arrested

Operatives of the Force Investigation Department (FID), Force Headquarters Annex, Lagos, have arraigned a fake farm investor, Ogunbo Oyindamola, for allegedly obtaining N20m from one Mr Michael Ayodeji under false pretences.
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Police reports revealed that Oyindamola claimed to be a farm investor and promised to establish a farm settlement on Ayodeji’s behalf. However, the police alleged that Oyindamola had no intention of fulfilling the agreement.

Ayodeji then petitioned the Inspector General of Police (IGP), who assigned the case to a specialised team at the Force Investigation Department in Lagos when it became clear that he had been scammed.

The police arrested Oyindamola at a hideout in Lagos and charged her at the Igbosere Magistrate’s Court, sitting at the Tinubu Magistrate’s Court, Lagos Island, on five counts, including obtaining money under false pretences and stealing.

Prosecuting counsel, Inspector Gbenga Salami, told the court that the offence occurred between October 2021 and 2022 on Lagos Island. He explained that Oyindamola falsely claimed to be a farmer, collected N20 million from Ayodeji, and then absconded without fulfilling her promise.
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Salami also informed the court that Oyindamola, along with her accomplice, Oyemakinde Ayokunle, attempted to repay the money by issuing a N20 million cheque to Ayodeji.

However, when Ayodeji presented the cheque at the bank, it was dishonoured due to insufficient funds in the account.

The defendant was charged under sections 411, 287, 314(a)(b) of the Criminal Law of Lagos State, 2015, and the Cheques Offences Act Cap D11, Laws of the Federation of Nigeria (LFN), 2004.

Oyindamola pleaded not guilty to the charges.

Her counsel, N.G. Lawal, urged the court to grant her bail under lenient terms, assuring that she would not jump bail if granted.

Chief Magistrate M.A. Sonuga granted Oyindamola bail in the sum of N1 million with two sureties in like sum.
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