EFCC charges couple to court over N2.7bn fraud in Lagos

Oriyomi Idowu, one of the defendants

 

The Economic and Financial Crimes Commission, EFCC, has arraigned a couple, Oriyomi Idowu and Ruth Idowu, before a Special Offences Court sitting in Ikeja, Lagos on 20 count charges of obtaining money by false pretence, money laundering, stealing, retention of stolen property, and forgery to the tune of N2.757billion.

Trial judge in the matter is Justice Mojisola Dada.

The defendants were arraigned alongside Food Commodity Processing Enterprise, Bonway Food Processing Company Limited, Samee Idowu Company Limited and Farmex Integrated Companies Limited, which all belong to Ruth Idowu.

One of the counts reads: “Ruth Idowu, aka Loiry Ventures, Oriyomi 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 court, converted the sum of N10,000,000 to purchase a GLK Benz, purchase sum derived from converting the sum of N500,000,000 belonging to Creditpro Business Support Services with the aim of disguising the illegal origin of the funds.”

Another count reads: “Ruth Idowu, aka Loiry Ventures, Oriyomi 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 court, dishonestly retained the sum of N936.619million, in your UBA bank account, property of Creditpro Business Support services knowing same to be funds fraudulently obtained from Creditpro Business Support Services.”

The defendants pleaded “not guilty” to the charges when they were read to them.

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In view of their pleas, prosecution counsel, Bilikisu Buhari, prayed the court for a trial date and the remand of the defendants in prison custody.

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.

In her objection, Buhari informed the court that the holding facility of the EFCC was already overstretched.

She also told the court 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. Ogunyemi, had yet to file.

Consequently, Justice Dada adjourned the matter till December 15, 2023, and ordered that the defendants be remanded in prison custody, “pending hearing and determination of their bail applications.”

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