Court Remands Ladipo Market Leader In Prison For Alleged N52m Fraud
An Ikeja High Court on Monday remanded Jonathan Okoli, President of Aguiyi Ironsi Market - popularly known as Ladipo Market - in prison over an alleged N52 million fraud.
The News Agency of Nigeria (NAN) reports that Okoli was remanded in Ikoyi Prison, after his arraignment before Justice Olabisi Akinlade.
Okoli, who resides at No. 2, Akinwunmi St., Ladipo, Lagos was charged to the court by the Economic and Financial Crimes Commission (EFCC).
The 51-year old auto spare-parts dealer is facing a three-count charge of obtaining money by false pretences and stealing.
EFCC counsel, Mr Anslem Ozioko, said the accused had between 2009 and 2010, obtained a total sum of N52 million from members of Aguiyi Ironsi International Market Traders Union.
Ozioko said the money was entrusted to Okoli for the payment of Trade Permits and Auto Dealer Fees by members of the association.
He added that the accused fraudulently diverted the money to his personal use, instead of making the payments to the Lagos State Government and Mushin Local Government Area.
According to him, Okoli's offences contravened Section 1(3) of the Advance Fee Fraud and Other Related Offences Act of 2006.
Ozioko said they also contravened Section 390 (8) (b) and (9) of the Criminal Code of Lagos State of Nigeria 2003.
The News Agency of Nigeria (NAN) reports that the offences attract between seven and 20 years imprisonment, if the accused is found guilty.
The accused pleaded not guilty to the charges.
The judge ordered him to be remanded in prison pending the hearing of his application for bail fixed for May 16
Naij
Hello i like to share my story with you and please publish it for the general public to learn from it and as well be careful to fall in their hand again.
ReplyDeleteIt happen i plan to buy a Tv for my use and decide to go to ladipo to buy a fairly use since am not that buoyant to get a new one so i ran into this handsome looking guy who offer to help me while i tip him after the service which i agreed since am not too conversant with the market,So this guy told me he will take me to where i can get a good fairly used Tv which i am happy and go with him , he took me to a shopping plaza in front of FO Oil named RMB PLAZA,WH/6 By CANAL Ladipo Market, The name of the shop he took me to was ZUBYTEX ELECTRONICS own by one Azibike, they said he is an imported he sale good TV of which they only sale scrap Tv which wrap with nylon and sale to people with the hope of you buying a good and working tv. Once you pay they tell you they have to take you to where you text the TV with the hope it will work by to my surprise when they unwrap the Tv its a scrap so you have to pay those people who help you test it and they will tell you they can help you repair it thats it just a minor thing which you will want to do at the end you discover they all work hand in hand and all your money is gone. if you decide to go back there to fight or to complain you want your money back they will beat you up get away with all your valuables and they as well work hand in hand with the police in Ladipo market and as well as the amber in the market, so its not a good ideal to go back there to ask for your money and thats how it gone and you lose your hard earn money...Please linda if you can share this with the general public for them to be careful not to fall a victim that is why am sharing with you since i know your blog is widely read everywhere.Here is the number of the guy if you won't mind using your connect with the authority to make this bad thing stop and God bless you as you share this to the general public.
Thanks
Kenny.