Gbolahan Obanikoro, the son of Senator Musiliu Obanikoro and four others will on February 27, 2025, be arraigned at the Federal High Court in Lagos over alleged ₦1.356 billion fraud.
Upon arraignment, they will face five counts charges bothering on conspiracy, obtaining by false pretences, false representation and fraud.
Those to be arraigned along Senator Obanikoro’s son include Adejare Adegbenro, 51; Balmoral International Limited; M.O.B. Integrated Limited; and DDSS International Company Limited.
Justice Ambrose Lewis-Allagoa set the new date on January 24 after the defendants failed to appear in court for their scheduled arraignment.
During proceedings, prosecution counsel Momoh Bello requested a bench warrant for the defendants, arguing they had been served notices. However, counsel for the fourth defendant, Joshua Abel, opposed the request, stating that his client—a company—received late service and the directors of the firm, who are abroad, had not been adequately briefed.
Justice Lewis-Allagoa examined the proof of service and concluded that the first and second defendants, who are natural persons, had not been properly served. While there was evidence of service for the third and fourth defendants, the court directed the prosecution to regularize service for the remaining parties.
According to the Inspector General of Police, through the Special Fraud Unit in Ikoyi, Lagos, the defendants and others at large allegedly conspired between May and September 2013 to fraudulently obtain ₦1.356 billion from Access Bank Plc (formerly Diamond Bank).
The police claim the defendants misrepresented themselves as engaged in importing cars from Dubai, stating the funds were needed to finance the importation of new vehicles for resale. The defendants allegedly converted and retained the funds for personal use, knowing the money was proceeds of unlawful activity.
The alleged offences contravene Section 8(i)(a) and are punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud-Related Offenses Act, No. 14 of 2006, as well as Section 18(2)(b) and (d) and 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
