EFCC Prosecutes Man Over N1.5 million Fraud


Operatives of the Economic and Financial Crimes Commission has prosecuted one  Gbenga Kolade on a five-count charge bothering on forgery, use of false document and stealing to the tune of one million, five hundred thousand Naira (N1.5m).

Gbenga was arraign on Wednesday 19th December, 2019 before Justice Mojisola Dada sitting at the Lagos State Special Offences Court in Ikeja for alleged fraud. He pleaded not guilty to the charges.

According to the EFCC, Kolade sometime in the month of October 2018 forged a Wema Bank statement of account under the pretext of facilitating an overdraft facility on behalf of one Abayomi Joseph from Ren Money Plc.

In sight of the defendant’s request, the prosecutor, C. R. Edozie, asked for a trial date and prayed that Kolade be remanded in a correctional centre pending the outcome of the case.

The defendant’s counsel, Larry Williams, while pleading for a short adjournment to permit him to file and serve the bail application, he informed the court that the application had not been filed due to the fact that he got the brief late.

After taking note from both parties, the case was adjourned till 13th January, 2020 by Justice Dada, for hearing of the bail application and 17th February, 2020, for the commencement of trial.

The charges read in part,

“That you, Gbenga Kolade, sometime in the month of October 2018, at Lagos within the Ikeja Judicial Division, dishonestly converted for your use the sum of One million five hundred and forty thousand Naira (N1,540,000), the property of Abayomi Joseph.

“That you, Gbenga Kolade, sometime in the month of October 2018, in Lagos, within the jurisdiction of this honourable court, with the intention to defraud and, in order to facilitate your obtaining an overdraft facility for Abayomi Joseph by false pretences from Ren Money Plc, faked a Wema Bank statement of account, with account number 0221512928, purported to belong to Michael Abayomi Joseph.”


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