The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Command on Tuesday, arraigned one Toluwalade John Olateru Olagbegi before Justice Uche Agomoh of the Federal High Court one sitting in Ibadan on one count charge bordering on obtaining money by false pretence to the tune of Thirty Five Million Five hundred Thousand Naira (N35,500,000:00) .
Owo Prince as he is called, allegedly collected the sum from the complainant on the pretext of trading in forex.
The charge reads: ” That you, Toluwalade John Olateru-Olagbegi on or about 4th of March, 2021, at Ibadan within the Ibadan Judicial Division of this Honourable Court with intent to defraud, obtained the sum of Thirty Five Million and Five Hundred Thousand Naira (N35,500,000:00) only from Julius Olorunsogo Alase (a Nigeria Businessman) on behalf of Lusan Royal Trading by false pretense that it was part payment of cost of an inflow of One Million United States of America Dollars (USD $1,000,000:00) you claimed to have secured for him; which representations you knew to be false and you thereby committed an offense contrary to section 1(1)(a) and punishable under section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006”.
Haven pleaded ‘not guilty’, Justice Agomoh ordered his remand in the custody of Nigerian Correctional Centre, Agodi and adjourned the case till October 25, 2021 for hearing of the bail application and November 15, 2021 for commencement of trial.
