The Economic and Financial Crimes Commission, EFCC, Ibadan Office, today June 5, 2018 arraigned one Oladejo Sherif before Justice A. N. Akintola of the Oyo State High Court sitting in Ibadan, on one-count charge of fraud to the tune of N7, 200, 000 (Seven Million Two Hundred Thousand Naira) only.
The offence is contrary to section 390 (9) of the Criminal Code Laws of Oyo State of Nigeria. .
Sherif however, pleaded not guilty to the charge preferred against him.
In view of his plea, prosecution counsel, Ben Ubi, indicated his readiness to commence trial immediately, having brought his witnesses to court. He thereafter prayed the court to remand the defendant in prison custody.
The defense counsel, Hammed Opasola informed the court that he has no written application for bail but prayed the court to allow him make an oral application for bail.
Justice Akintola however refused the defense’s oral application and ordered that the defendant be remanded in prison custody pending the filing and hearing of his bail application. .
The case was thereafter adjourned to September 18, 2018 for hearing of the defendant’s bail application.
The count on which he is charged reads: “That you, Oladejo Sherif on or about the 10th of February 2017 at Ibadan Judicial Division stole the sum of N7, 200, 000.00 (Seven Million Two Hundred Thousand Naira) only out of N15,000,000.00 (Fifteen Million Naira) only property of one Adebowale Adesiyan which sum was given to you for the purchase of vehicles for the said Adebowale Adesiyan”.