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Land Fraud

Brother to late founder of Guaranty Trust Bank arraigned over land fraud

The Lagos State Government on Wednesday arraigned a brother of late founder of Guaranty Trust Bank (GTB) and property developer, David Olumide Aderinokun and a staff of the New Town Development Authority (NTDA), Balogun Adeniyi Abdul-Wakil before an Igbosere Magistrate Court over alleged conspiracy, forgery, stealing and property fraud on parcels of land in Lekki Peninsula estimated at 2678.068 square metres.

Aderinokun, who is the husband of media personality, Stephanie Coker, was arraigned separately on an eight-count charge bordering on the offence before Chief Magistrate Olufolake Oshin, and alongside Abdul-Wakil on another eight-count charge before the same court.

Aderinokun, trading under the name and style of Davade Properties, was alleged to have conspired with others now at large sometime in February 2016 to commit felony to wit stealing, forgery and obtaining money under false pretense.

According to the charge, Aderinokun criminally “converted a piece of land measuring approximately 1764.44 square metres situate at Plot 7B, Block CBD.1, Lekki Peninsula Scheme 1, Eti Osa Local Government Area of Lagos State, property of Ocean Trust Limited for your own use and to the use of others, and thereby committed an offence contrary to Section 287 of the Criminal Law Cap C17, Vol. 3, Laws of Lagos State, 2015.”

He was alleged to have forged a Deed of Assignment with file number DLS/GC/110323 with the intention of using same to defraud unsuspecting members of the public.

Also, Aderinokun was alleged to have fraudulently obtained N18 million from one Mrs Jumoke Fola-Alade on the pretence that he was the owner of the said property contrary to and punishable under Section 314 of the Criminal Law Cap C17, Vol.3, Laws of Lagos State.

In the other charge, Aderinokun and Abdul-Wakil were alleged to have conspired with others now at large to fraudulently convert a piece of land measuring approximately 913.628 square metres situated at Plot 44, Block 77, Lekki Peninsula Scheme 1 in Eti Osa for their use.

The property in question, which was registered as Number 96 at page 96 in Volume 1993p, belonged to Mr Ben Adebisi Oyekunle and Mrs Bukola Taiwo Oyekunle.

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