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Alleged N2b land fraud: EFCC quizzes Abuja estate developer, SAN

Estate manager arraigned for foreign exchange fraud

According to The Nation, the Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a Real Estate manager, Mr. Oluwafunmilayo Samuel Ademosu, over alleged N62 million foreign exchange fraud and issuance of dud cheque.

Ademosu was arraigned alongside his company, H. T. Real Estate Limited, before Justice Josephine Oyefeso of a Lagos State High Court sitting in Ikeja.

They are arraigned on an 18 – count charge of obtaining money by false pretence and issuance of dud Cheque.

EFCC prosecutor, Samuel Daji, told the court that Ademosu and his company, on August 4, 2008 in Lagos, fraudulently obtained N16 million from Golden Treasure Investment Limited  through its Managing Director Mr. Mathew Dickson Aiyeola, under the pretence that the money represented part payment for $921,560 said to be available for sale.

Daji further told the court that the defendants on August 21, 2008 in Lagos fraudulently obtained another sum of N46, 866.750.00 from Golden Treasure Investment Limited through same Mr. Aiyeola under the pretence that the money represented part payment for $921,560 said to be available for sale.

When the charges were read, the defendants entered a not guilty plea.

The prosecutor prayed the court to remand the defendant in prison having served out the administrative bail granted him earlier by the commission and asked for a date for commencement of trial.

However, counsel to the defendant, O. A. Fashuba, told the court that they have filed application for bail on health ground and served the prosecution accordingly.

Source: The Nation

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