A Lagos State High Court sitting at Tafa Balewa Square has fixed March 27, for the possible arraignment of a suspected fraudster, Oluwatomilola Balogun and two companies.
The companies, Twelvest Limited and Vestract Limited was alleged to have been used an instrument to perpetrate about N69m and $10,000 fraud.
The State Department of Public Prosecution, DPP filed a four-count charge against the defendants which borders on obtaining by false pretence before Justice Ibironke Harrison led the court.
The offence is said to be contrary to Section 314(3) of the Criminal Law, Ch. C17, Vol.3, Laws of Lagos State, 2015.
Acording to the charge information, OLUWATOMILOLA BALOGUN(F), TWELVEST LIMITED (LTD), VESTRACT LIMITED (LTD) Sometime from February 2019 till December 2021, at Suite GO2B, the waterside, 5 Admiralty Road off Admiralty Way, Lekki Phase 1, Lagos State in the Lagos Judicial Division fraudulently obtained the sum of Thirty-six Million, Six Hundred and Seventy-One Thousand Naira(N36,671,000.00) and the sum of Five Thousand US Dollars($5000 ) from one Omobolanle George Epebitie(F) by representing yourself as a financial advisor and advising her to invest in businesses and representing to get her Return on Investment.
On the second count charge, the defendants were alleged to have fraudulently obtained the sum of Twelve Million Naira (N12,000,000 00) and the sum of Four Thousand US Dollars ($4000) from one Eriye Onagoruwa (F) by representing themselves as a financial advisor and advising her to invest in businesses and representing to get her Return on Investment.
While on the third count, they were alleged to have fraudulently obtained the sum of Five Million, Five Hundred and Eighty-Five Thousand Naira(N5,585,000.00) and the sum of One Thousand US Dollars ($1000) from one Adeola Odunlami (F) by representing yourself as a financial advisor and advising her to invest in businesses and representing to get her Return on investment.
Lastly, they were alleged to have fraudulently obtained the sum of Fourteen Million, Five Hundred Thousand Naira (N 14.500 000.00) from one Modupe Ayeni (F) by representing yourself as a financial advisor and advising her to invest in businesses and representing to get her Return on Investment.
The Special Fraud Unit of the Nigeria Police who conducted the investigation is expected to provide the flight risk defendant to face trial.
