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Lagos couple in hot soup for converting Club’s N555m to personal use

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A Lagos state based couple, Oladeji and Omotayo Henry, have landed in hot soup after illegally converting a Club’s money to their personal use.

They have been arraigned by the Economic and Financial Crimes Commission, EFCC, before Lagos State Special Offences Court in Ikeja for the alleged N555.82m fraud.

The couple were arraigned alongside their company, Built Global Concepts, on seven counts bordering on conspiracy and stealing.

The EFCC alleged that the couple, sometime in 2018, converted the sum of N410.17m belonging to Smart Investors’ Club to their personal use.

The anti-graft agency also alleged that sometime in 2018, the couple and their company converted the sum of N70m belonging to one Julius Ekonorue to their personal use.

According to the prosecutor, Bilkisu Buhari, the defendants also converted the sum of N15m belonging to one Adebola Omotosho and also the sum of N21.3m belonging to one Teniola Reuben to their personal use.

The offences were said to be contrary to sections 411, 280(2)(f), 280(1)(b) and 287 of the Criminal Laws of Lagos State, 2011.

The defendants pleaded not guilty to the charges.

Following their plea, the EFCC prosecutor urged the court to remand them in a correctional facility.

However, the defendants’ counsel, Richard Ahonaruogho, informed the court of a bail application filed on behalf of his clients and the prosecution said it would like to respond to the application.

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The presiding judge, Justice Mojisola Dada, adjourned the matter till March 9, 2020, for the hearing of the bail application and ordered that the defendants be remanded in the Kirikiri Correctional Centre till then.

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