EFCC Press Release:EFCC Arraigns Man For 36m Fraud



The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Thursday, February 22, 2018 arraigned one Kabiru Olorunfemi before Justice Serifat Solebo of the State High Court sitting in Ikeja on an amended four-count charge bordering on conspiracy and obtaining money by false pretence to the tune of N36, 450, 000.00k (Thirty-six Million, Four Hundred and Fifty Thousand Naira).

The defendant was re-arrested by operatives of the Commission, after his accomplices, Gbade Bamigbala and Lateef Arobo, had been arraigned before Justice Solebo on February 15, 2018.

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The defendant alongside his accomplices allegedly obtained the money from the complainants, Otumara Gbubemi, Adebayo Opebiyi and Larry Ettah, as the cost of a piece of land situated at the Wasinmi area of Maryland, Lagos State.

However, the defendant allegedly fled after taking his share of the money collected from the complainants.

One of the counts reads:

‘’That you, Gbade Bamigbala, Kabiru Olorunfemi and Lateef Arobo sometime in year 2011, at Lagos within the Ikeja Judicial Division, conspired to obtain by false pretence the sum of N36, 450, 000.00 (Thirty-six Million, Four Hundred and Fifty Thousand Naira only) from Otumara Gbubemi, Adebayo Opebiyi and Larry Ettah, being the value of 4, 671, 068 square metres of land situated at Wasinmi area of Maryland, Lagos State.’’

The defendant pleaded not guilty when the charge was read to him.

In view of his plea, the prosecution counsel, Zainab Etu, asked for a trial date and also prayed the court to remand the defendant in prison custody.

Counsel to the defendant pleaded with the court to grant his client bail.

Consequently, Justice Solebo adjourned the case to March 27 and 29, 2018 and remanded the defendant in Kirikiri Prison, Lagos.

Media and Publicity

22 February, 2018