The Police Special Fraud Unit (PSFU) Lagos on Tuesday brought an Ibadan-based businessman, Oluwabukola Odeleye to the Federal High Court in Lagos in connection with alleged N816million fraud and forgery.
![](https://thenigerialawyer.com/wp-content/uploads/2024/11/TheNigerialawyer-WhatsApp-Channel1.jpg")
It arraigned Odeleye and his firm, Beedel Strategic Investment Company Limited, before Justice Nicholas Oweibo on a charge marked FHC/L/342c/2022.
Prosecution counsel Emmanuel Jackson alleged that the defendants committed the offences sometime in 2020 in Lagos.
Jackson, a Chief Superintendent of Police (CSP) and Officer-in-Charge of the PSFU’s legal department, alleged that the duo defrauded two firms – Bostocke Close Investment Limited and Ctando Capital Limited – of the said N186 million.
The court heard that they allegedly committed the offence with forged Local Purchase Orders (LPOs) of multinational firms and local firms.
The firms whose LPOs were said to have been forged included British-American Tobacco Nigeria Limited; Fan Milk Plc; Lafarge Nigeria Limited; National Agency for Prohibition of Trafficking in Persons (NAPTIP); G.R. Building and Constructions Nigeria Limited, and GB Foods Nigeria Limited.
The defendants were also accused of converting the N816m “to their own use and benefit.”
According to Jackson, the offences contravened Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, No. 14 of 2006 and were punishable under Section 1(3) of the same Act.
The offences also infringed sections 465, and 468 and were punishable under Section 467 of the Criminal Code, 2004.
The defendants pleaded not guilty.
Their counsel, Olabiyi Ademola, applied for Odeleye’s bail.
He was opposed by Jackson, who supported his argument with a 14-paragraph-counter affidavit detailing why the court ought to exercise his bail discretion against Odeleye.
The prosecutor applied for a trial date and prayed the court to remand Odeleye till the conclusion of the trial.
Justice Oweibo, in a bench ruling, upheld Ademola’s application and granted the defendant bail in the sum of N100million and one surety in the like sum, among other conditions.
He adjourned till October 25 and 27, for trial and remanded the defendant in Nigerian Correctional Services (NCoS)’ custody till the perfection of the bail terms.
“Order Your Copy Now” — Basil Momodu, Esq. Unveils Second Edition Of His Book, "Civil Procedure In Nigeria"
According to the learned author, Basil Momodu Esq. "Law review is a continuum. We will continue to track changes in the law to enrich future editions." Recommended Booksellers: Lagos: 08033855230, Abuja: 08035991379, and others.
_______________________________________________________________________
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
______________________________________________________________________
ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE
Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd
Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria.
Bonus:
Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.
How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com
Ebook Version: Access directly online at: https://selar.com/prv626
______________________________________________________________________ “Bridging Theory And Courtroom Practice” — Hagler Sunny Okorie, Nathaniel Ngozi Ikeocha Unveil ‘Functional’ Tort Law Book For Nigerian Legal System
The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209.
______________________________________________________________________
“Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
