The Operatives of the Economic and Financial Crimes Commission (EFCC), Ibadan zonal command on Tuesday arraigned, Ola Samuel Adebiyi alongside his firm, Ardour (Nig) Co. before the Federal High Court sitting in Ibadan, Oyo State.
The defendant was charged on a seven count charge for transacting bank business without license and obtaining money under false pretence to the tune of N6, 150, 000.00 (Six Million, One Hundred and Fifty Thousand Naira).
The defendant is allege to have swindled his victim, Wilson Oyekemi Omowumi of the said sum when he convinced her to invest in his company, Ardour (Nig) Co., with the agreement that 5.5% on the invested funds would be given to the her on monthly basis. Investigation by the EFCC revealed that the accrued interest on the investment was N10million but only N1.4million was given to the victim and all efforts to get the defendant pay the balance were futile.
One of the counts reads: “That you, Ola Samuel Adebiyi and Ardour (Nig) Co. on or about the 1st of May, 2011 at Ibadan within the jurisdiction of this Honourable Court and with intent to defraud, obtained the sum of N3,050,000.00 (Three Million and Fifty Thousand Naira) from one Oyekemi Omowunmi Wilson when you falsely represented that the said money is for investment in Ardour (Nig) Co, a pretence you knew to be false and thereby committed an offence contrary to Section 1 (1) (b) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1 (3) of the same Act.”
The defendant pleaded “not guilty” to the charges.
Consequently, the prosecution counsel, Oyediran Oyelakin asked the court for trial date and to remand the defendant pending the outcome of the case.
The defence counsel however, informed the court.that a bail application had been filed and served on the prosecution and the court. He therefore urged the court to admit his client to bail on liberal terms.
Justice Agomoh, after listening to both parties, granted the defendant bail in the sum of N1million with two sureties in like sum.
Justice Agomoh adjourned the matter till May 31, 2022 for commencement of trial.