EFCC Arrests Couple For Alleged N2.7bn Fraud In Lagos

EFCC Arrests Couple For Alleged N2.7bn Fraud In Lagos

The Lagos Zonal Command of the Economic and Financial Crimes Commission, on Tuesday, arraigned a husband and wife whose names were given as Oriyomi Idowu and Ruth Idowu for their involvement in N2,757,188,000 fraud.

The couple were arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on 20 count charges bordering on obtaining money by false pretence, money laundering, stealing, retention of stolen property, and forgery to the tune of N2,757,188,000.

They were arraigned alongside four companies belonging to Mrs Idowu. The companies are” Food Commodity Processing Enterprise, Bonway Food Processing Company Limited, Samee Idowu Company Limited and Farmex Integrated Companies Limited.

One of the counts reads: “Ruth Sameeha Idowu, aka Loiry Ventures, Oriyomi Kabeer Idowu, aka Yocli Ventures, Food Commodity Processing Enterprise, Bonway Food Processing Company Ltd, Samee Idowu Company Limited, Farmex Integrated Companies Limited, sometime in 2023 in Lagos, within the jurisdiction of this Honourable court, converted the sum

Meanwhile, counsel to the first defendant, G. Onwubuya, informed the court of the bail application of his client, which had yet to be served on the prosecution.

He prayed the court to remand the defendants in the EFCC custody and also sought a short adjournment for the hearing and determination of the bail application.

However, in her objection, Buhari informed the court that the holding facility of the EFCC was already overstretched, adding that the appropriate place, following arraignment, was a Correctional Centre.

The Judge held that there was no bail application before the court for the second defendant, whose counsel, J.J. Ogunyemi, was yet to be filed.

Justice Dada adjourned the matter till December 15, 2023 and ordered that the defendants be remanded at the Correctional Centre “pending hearing and determination of their bail applications.”