Former President Olusegun Obasanjo

An Egba High Chief, Chief Salimon Ajayi, was arraigned on Tuesday by the police before a Chief Magistrate Court sitting at Isabo, Abeokuta for allegedly obtaining the sum of N105m fraudulently from a company, Alarab Properties, a subsidiary of Obasanjo Holdings Limited.

Ajayi, is the Balogun of Ijemo in Egbaland.

The suspect was arraigned on three counts bordering on forgery, fraud and stealing.

He was charged under case number MA\\606\\\2016).

Reading the charges to the accused person, the Police Prosecutor, Sunday Eigbejiale, said Ajayi forged Sidipon Community Power of Attorney and fraudulently obtained the sum of N105m from the above company in the sale of 67 acres of land at the Sidipon village.

One of the charges read, “That you Salimon Abiodun Ajayi on the same date, time and place in the aforementioned Magistrate District with intent to defraud did obtain the sum of N105m property of Alarab, a subsidiary of Obasanjo Holdings Limited with pretext that you are in a position to sell 67 acres of land to Alarab Properties, a subsidiary of Obasanjo Holdings Limited and thereby committed an offence contrary to and punishable under Section 419 revised law of Ogun State 2004.”

However, the counsel for the accused person, Akolade Afolabi, urged the court to admit his client to bail in line with constitutional provisions, since the offence was bailable and did not carry capital punishment.

Citing Section 36 sub-section (5) of the 1999 Constitution as amended, Afolabi further argued that an accused person “is presumed innocent until proved to the contrary.”

He assured the court that Ajayi would not abuse the bail if granted.

The presiding Chief Magistrate, Oriyomi Sofowora, granted the accused person bail of N250,000 with two sureties in the like sum.

He later adjourned the case till December 20, 2016.

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