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Alleged N1.3bn Fraud: Obanikoro’s Son, Adejare Adegbenro, Others To Be Arranged Feb. 27

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A Federal High Court, Lagos, has fixed February 27, for the arraignment of one of Senator Musiliu Obanikoro, Gbolahan and four others over alleged conspiracy, obtaining by false pretence and N1, 356, 057, 330. 43 billion fraud.

 

Obanikoro will be arraigned alongside Adejare Adegbenro, 51; Balmoral International Limited;

 

M. O. B. Integrated Limited and DDSS International Company Limited before Justice Ambrose Lewis-Allagoa.

 

The Judge fixed the date on Friday, sequel to the defendants’ failure to be in court on Friday for their arraignment.

 

 

The Inspector General of Police through the office of the police Special Fraud Unit (PSFU) Ikoyi, Lagos, alleged that all the defendants have between May and September 2013 in Lagos, with intent to defraud, obtained the sum of N1, 356, 057, 330. 43 billion from Access Bank Plc formerly Diamond Bank, by falsely presenting through its staff and officers of the bank that they were into the business of cars importation from Dubai for sale in Nigeria and that the money was the cost of financing the importation of a set of brand new cars from Dubai to restock their business and for sale to your various customers.

 

They were also alleged to have directly or indirectly converts, transfers, retains, takes possession or control of N1, 356, 057, 330.43 billion, belonging to now Access Bank Plc, formerly Diamond Bank, knowingly or reasonably ought to have known that such funds is, or forms part of the proceeds.

 

All the defendants were also alleged to have unlawfully converted the sum of N1 billion belonging to Access Bank formerly Diamond Bank Plc, to the personal use.

 

 

At the resumed hearing of the matter on Friday, the prosecutor, M. Y. Bello, informed the court that the matter was slated for the arraignment of all the defendants.

 

 

He however asked the court for another date, to enable all the defendants to be in court to take their plea on the charges against them.

 

Counsel to the defendants, Joshua A., told the court that his clients are not in the country. Adding that only the companies named in the charge were served with the charge sheet. He however assured the court that all the defendants will be in court at the next adjourned date, to take their plea on the charges .

 

 

Fraud and other fraud related offences Act No. 14 of 2006 and Punishable Under Section 1(3) of the saine Act

 

“That you Adejare Adegbenro ‘m’, Gbolahan Obanikoro ‘m’, Balmoral International Limited, M.O.B Integrated Limited, DDSS international Company Ltd and other Directors of the Companies (now at large) between May and September 2013, in Lagos State, in the aforementioned Judicial Division of Federal High Court, Lagos, did directly or indirectly converts, transfers, retains, takes possession or control of N1, 356, 057, 330.43 (One Billion, Three and Fifty Six Million, Fifty Seven Thousand, Three Hundred Thirty Naira, Forty Three Kobo) belonging to Diamond Bank now Access Bank Plc, which you intentionally, knowingly or reasonably ought to have known that such funds is, or forms part of the proceeds of an unlawful Act and thereby committed an offence contrary to Section 18(2)(b) & (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.

 

“That you Adejare Adegbenro ‘m’, Gbolahan Obanikoro ‘m’, Balmoral International Limited, M.0.B Integrated Limited, DDSS International Company Ltd and other Directors of the Companies (now at large) sometime in May 2019 in Lagos within the aforementioned judicial Division of the Federal High Court, with intent to defraud, did obtain the sum of N1, 000,000.00 (One Billion Naira) from Diamond Bank now Access Bank Pic by falsely presenting through its staff and officers of the bank that you and your company, DDSS International Company were into the business of cars importation from Dubai for sale in Nigeria and that the money was for the cost of financing the importation of a set of brand new cars from Dubai to restock your business and for sale to your various customers and based on this representation, the Bank released the said money to you through the account of your company known as DDSS International Company as a loan facility which you subsequently diverted from the said account of DOSS International Company to account of another of your company now as Balmoral international Limited for the purpose of disguising the true origin or source of the money and thereby committed an offence contrary to Section 1(1) (a) of the Advance Fee Fraud and other fraud related offences Act No. 14 of 2006 and Punishable Under Section 1(3) of the same Act.

 

 

That you Adejare Adegbenro ‘m’, Gbolahan Obanikoro ‘m’, Balmoral international Limited, M.O.B Integrated Limited, DOSS International Company Ltd and other Directors of the Companies (now at large) sometime in May 2019, in Lagos State, in the aforementioned Judicial Division of Federal High Court, Lagos, did directly or indirectly converts, transfers, takes possession or control of N1,000,000.00 (One Billion Naira) belonging to Diamond Bank now Access Bank Plc, which you intentionally, knowingly or reasonably ought to have known that such funds is, or forms part of the proceeds of an unlawful Act and thereby committed an offence contrary to Section 18(2)(b) & (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

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OBA ELEGUSHI DEBUNKS MISINFORMATION ON SECURITY DETAILS

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12 hours ago

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February 28, 2025

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His Royal Majesty, Oba Saheed Ademola Elegushi (Kusenla III), has debunked the misinformation going round in a section of the media, over the purported withdrawal of security details attached to him.

 

In a statement Friday signed by Otunba Temitope Oyefeso, the popular Monarch’s Special Assistant on Public Affairs, he stated that contrary to the peddled misinformation, it is pertinent to note that this routine shuffling of security aides by the police authorities is not unusual and does not have any political meaning.

 

“The police authorities informed the palace of a possible change in personnel and sought the understanding of His Royal Majesty,” the statement reads in part.

 

With this understanding, the replacement of the security detail was done at this time, since the popular monarch is on a short visit outside the country, after which he is expected to perform lesser hajj at the holy land.”

 

The Palace of His Royal Majesty enjoined the public to kindly disregard any insinuation as it relates to the motive of this routine police operation.

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Natasha threatens to expose Akpabio as group petitions Senate

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16 hours ago

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February 28, 2025

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The senator representing Kogi Central, Natasha Akpoti-Uduaghan, has vowed to expose the leadership style of Senate President Godswill Akpabio.

Her declaration comes after she was referred to the Senate’s Ethics and Disciplinary Committee following a confrontation with Akpabio over a seating arrangement dispute.

Akpoti-Uduaghan stated that she was ready to appear before the committee but insisted that the proceedings should be open to the public rather than conducted behind closed doors.

She made this known in a post on her Instagram account, calling for a live broadcast of the probe.

“Good morning, courageous people of Kogi Central, Kogi State, and Nigeria,” she wrote. “Inasmuch as I have refrained from publicly speaking on the matter and a lot of occurrences at the Senate under Senate President Akpabio, it’s about time I break my silence.

“Arise News, set a date, and I shall be in your studio in person. Spare no questions.

“And to Nigerians, please be sure to join the probe, which I shall insist would be covered live. The next few days and weeks shall be interesting but will shape the standard and quality of Nigeria’s leadership.”

The senator’s reaction followed a petition filed against her by the Northern Youths Advocacy for Excellence to the Senate Committee on Ethics, Privileges, and Public Petitions.

The petition accused Akpoti-Uduaghan of corruption, abuse of power, and mistreatment of staff within the Senate Committee on Local Content, which she chairs.

The petition urged the Senate Committee on Ethics, Privileges, and Public Petitions to conduct a thorough investigation into her alleged “illegal, subversive, and intimidating activities” and impose necessary disciplinary measures.

Akpoti-Uduaghan has, however, maintained her innocence and insisted on transparency, promising to speak openly about the allegations and other issues within the Senate leadership.

Trouble started last week when the female Kogi lawmaker confronted the Senate President over the relocation of her seat at the Senate.

In the heated exchange of words, Akpabio called on the Senate security to walk Akpoti-Uduaghan out of the chambers.

Intervention by other senators, however, saved the day. But the Senate, in a statement by its spokesman, Senator Yemi Adaramodu, berated Akpoti-Uduaghan for standing up to the Senate President, reminding her that the Senate is not for entertainment.

On Tuesday, the Kogi lawmaker filed a N100.3bn defamation lawsuit against Akpabio and others.

 

The Punch

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Despite Obasa’s forceful takeover of speaker’s office, 36 lawmakers stand with Meranda

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1 day ago

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February 27, 2025

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Thirty-six of the 40-member Lagos House of Assembly have resolved to stand firmly behind the Speaker Mojisola Lasbat Meranda.

 

The decision of the 36 members, who gathered at the assembly garden on Thursday afternoon, followed the ousted Obasa’s forceful takeover of the office of the speaker.

 

The lawmakers, who had earlier on February 17, passed a vote of confidence on Meranda, dared all consequences to stand by their earlier decision.

 

 

A lawmaker who pleaded anonymity, said he and his other colleagues are resolved to ensure that their decision to remove Obasa stands.

 

“He was not elected speaker from his constituency. We all endured his master-slave relationship for close to 10 years. Now, we have said enough is enough and we are not looking back,” the lawmaker said.

 

 

Meanwhile, two out of 39 other lawmakers, Ayinde Akinsanya, popularly called, Osmak, representing Mushin Constituency 1, and Noheem Adams, representing Mushin Constituency II, have been spotted accompanying Obasa to the complex.

 

As at the time of filing this report, the doors to the office of the Speaker had been forced open by Obasa loyalists, with huge-chestesd men scattered over strategic places in the complex.

 

Also, some armed men, who accompanied Obasa to the complex were seen making threatening remarks, and vowing to take possession of all the offices in the complex.

 

The access roads to the complex have been taken over by people suspected to be Obasa’s loyalists who arrived the scene in unmarked Kombi buses .

 

Motorists are being forced to drive through alternative routes as all entrances have been blocked to traffic.

 

 

Details later..

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