Obasanjo’s in-law and ex-banker have been arraigned for fraud.
Glamtush reports that Dr. John Abebe, the younger brother of a former First Lady, Stella Obasanjo, was on Monday arraigned by the Economic and Financial Crimes Commission (EFCC) on Monday before the Lagos State Special Offences Court in Ikeja over allegations of fraud.
This online platform understands that Abebe was arraigned alongside a former Head of Firstbank Plc, United Kingdom Correspondent Office, Kamoru Alade Oladimeji, before Justice Olubunmi Abike-Fadipe on six charges of conspiracy, stealing and obtaining money under pretence.
Part of the counts against the defendants read: “That you, Dr. John Abebe and Kamoru Alade Oladimeji, on or about the 4th day of June 2013 in Lagos within the jurisdiction of this Honourable Court conspired amongst yourselves to commit felony to wit; stealing the sum of N120 million worth of property of Arsenal Technologies Limited.”
“That you, Dr. John Abebe and Kamoru Alade Oladimeji, on or about the 4th day of June 2013, in Lagos within the jurisdiction of this Honourable Court conspired amongst yourselves to commit felony to wit; obtaining by false pretence the sum of N120 million property of Arsenal Technologies Limited under the pretence that your property lying being and situate at 9, Magbon Close, Ikoyi-Lagos State, which you pledged as the security to the Arsenal Technologies Limited was unencumbered, which representation you knew to be false.”
“That you Dr. John Abebe and Inducon Nigeria Limited, on or about the 4th day of June 2013, in Lagos within the jurisdiction of this Honourable Court, with intent to defraud and to gain for yourself the sum of $1,000,000.00 or its Naira equivalent from Arsenal Technologies Limited by false pretence to procure the execution of valuable security to wit; a deed of assignment between Inducon Nigeria Limited and Arsenal Technologies Limited, wherein you falsely claimed that the property lying being and situate at No. 9, Magbon Close, Ikoyi-Lagos was unencumbered and that you have full powers to assign and transfer the said property to the assignor; Arsenal Technologies Limited.
According to EFCC, the offences committed are contrary to Sections 280(1), (12), 8 (7), 285(1) and 278(1)(b) of the Criminal Laws of Lagos State, 2011.
The defendants, however, pleaded not guilty to the charge.
Following their plea, the prosecutor, Sulaimon urged the court to fix a trial date and to remand the defendants in the custody of the Nigerian Correctional Services until the hearing and determination of the charge.
However, the defense counsel, Anthony Popo and Sam Etaifo urged the court to grant their clients bail in the most liberal terms.
While moving the bail application on behalf of Abebe, Popo told the judge that the matter before her is a commercial transaction between the first defendant and the nominal complainant, which he is ready to settle out of court.