Bizman Trial On Alleged Multimillion-naira Fraud Fixed For Mar. 4

Further trial of a Nigeria businessman, Ademola Akinyemi Louis, over alleged N81,030 million, before the Federal High Court, Lagos, will come up on March 4, 2025, before Justice Ambrose Lewis-Allagoa led-court.

The businessman was dragged before the court by the operatives of Police Special Fraud Unit PSFU Ikoyi Lagos, on a four count-charge of conspiracy, obtaining by false pretence, fraudulent conversion of money and fraud of the mentioned sum.

He is standing trial before the court on the alleged crimes alongside his company, Farmcenta Global Investment Limited.

The PSFU in a charged marked FHC/L/143c/203, alleged that the businessman, Ademola, his company and others now at large, conspired among themselves to commit the illegal act sometimes between August and September 2020.

The businessman, according to the prosecutor, Barrister Justine Enang, fraudulently obtain the sum of N20, 430 million, N12.3 million and N48.3 million from their victims under the pretence of investing the money in farming businesses, such as; rice, palm oil and cattle farming

Those that were allegedly scammed by the businessman and his firm includes; Imeh Jimmy Ikpaisong; Kate Ichiko, Lolo Mari George and some others.

He was alleged to have received the money in his Wema bank account numbers: 7270261917, 7270243089, 7270210159.

The prosecutor, Barrister Enang, a Chief Superintendent of Police (CSP) stated that the alleged illegal acts of the businessman, contravened sections 8(a) and 1(1)(a); of the Advance Fee Fraud and other Fraud related Offences Act, 2006, and punishable under Section 1(3) of the same Act.

He has pleaded not guilty to the charges and admitted to bail when he was arraigned sometimes in 2024.

Meanwhile, further hearing of the charges against the defendant is fixed for March 4.

Charges against the defendant reads: “that you Ademola Akinyemi Louis ‘m’, Farmcenta Global Investment Limited and others now at large, sometime between the month of August and September, 2020 in Lagos State, within the jurisdiction of Lagos Judicial Division of the Federal High Court, with intent to defraud did. conspired to commit felony to wit: obtaining the sum of N81, 030,000 (Eighty One million, thirty thousand Naira) by false pretence and thereby committed an offence contrary to Section 8(a) and punishable under Section 1(3) of the Advance Fee Fraud and other Fraud related Offences Act, 2006

“That you Ademola Akinyemi Louis ‘m’, Farmcenta Global Investment Limited within the aforementioned judicial Division of the Federal High Court, with intent to defraud, did obtain the sum of N20, 430,000 (Twenty million, four hundred and thirty thousand Naira) from one Imeh Jimmy Ikpaisong ‘m’ on the understanding that you are into a business of Rice Farming, Palm Oil Farm and Cattle Farm, that you want him to partner with you’in the business and that the money in question was his counterpart funding contribution to finance. the operation of the Company, using Paystack Checkout, Wema Bank Account Nos. 7270261917, 7270243089, 7270210159 as your collection account, that the Financier; Imeh Jimmy Ikpaisong ‘m’ would get some returns on the investment, a representation you knew to be false or did not believe to be true as you subsequently converted the money to your personal use and benefit and thereby committed an offence contrary to Section 1(1)(a) of the Advance Fee Fraud and other Fraud Related Offences Act No, 14 of 2006 and punishable under Section 1(3) of the same Act.”

“That you Ademola Akinyemi Louis ‘m’, Farmcenta Global Investment Limited, within the aforementioned judicial Division of the Federal High Court, with intent to. defraud, did obtain the sum of N12, 300, 000 (twelve million, three hundred thousand Naira) from one Kate Ichiko ‘f’ on the understanding that you are into a business of Rice Farming, Palm Oil Farmland Cattle Farm, that you want him to partner with you in the business and. that the money in question was his counterpart funding. contribution to: finance the operation of the company, that the Financier, Kate Ichiko, would get some returns on the investment, a representation you knew to Be false or did not believe to be true as you subsequently converted the money to your personal use and benefit and thereby committed an. offence contrary. to Section 1(i)(a) of the Advance Fee Fraud and other Fraud Related Offences Act. No. 1(a) of 2006 and Punishable under Section 1(3) of the same Act.

“That you’ ‘Ademola Akinyemi Louis, ‘m’, Farmcenta Global Investment Limited within the aforementioned judicial Division of the Federal High Court, with intent to defraud did obtain the sum of N48, 300; 000 (Forty Eight Million, Three Hundred Thousand Naira), from one Lolo Mari George ‘m’ on the understanding that you are into a business. of Rice Farming, Palm Oil Farm and Cattle Farm, that you want him to partner with you in the business and that the money in question was his counterpart. funding’ contribution to finance the operation of the‘ company, that the Financier Lolo Mari George ‘m’ would get some returns on ‘the investment, a representation you. knew to be false or did no ‘believe to be true. as you ‘subsequently: converted the: money to your personal use and benefit and thereby committed an offence: contrary to: Section 1(i)(a) of the Advance Fee Fraud and Other. Fraud Related Offences Act: No. 14 of 2006 an punishable under Section 1(3) of the same Acts.”