The Federal High Court in Ikoyi, Lagos, has scheduled February 10, 2025, for the continuation of the trial of Olukayode Olusanya, Chief Executive Officer of Oak Homes Ltd, and his company.
They are accused of defrauding a U.S.-based Nigerian engineer, Anthony Ehiedu Ugbebor, of ₦152 million under false pretenses.
The Nigeria Police Force filed an amended four-count charge against Olusanya, alleging conspiracy, obtaining money by false pretenses, stealing, and threatening to murder the complainant.
The charges, filed by Superintendent of Police Omo-Osagie M.A. of Zone 2 Police Command, relate to incidents that allegedly occurred between November 2017 and August 2020.
The police claim Olusanya conspired with Lynda Umeh, Oak Homes’ former head of sales and marketing, now at large, to offer two three-bedroom flats for sale at Oak Residence, Victoria Island. The flats were purportedly sold to Ugbebor, who paid a total of ₦152 million through a Zenith Bank account with the promise of delivery by February 28, 2019. However, the properties were allegedly never handed over.
The charge further alleges that Olusanya misappropriated the funds and conspired to harm Ugbebor for reporting the matter to the Economic and Financial Crimes Commission (EFCC) and other security agencies.
The offenses contravene Sections 516A(1), 418, 390(b)(c)(d), and 324 of the Criminal Code Act and Section 1(3) of the Advance Fee Fraud and Other Related Offenses Act, 2004.
When the case was heard on November 26, 2024, the prosecutor informed Justice Musa Kakaki of an amended charge, which was granted. Olusanya, representing himself and his company, pleaded not guilty. His counsel, Agboola Adeleke, SAN, requested that Olusanya be allowed to continue on his existing bail, which the court approved.
The court adjourned the case to February 10, 2025, for trial to commence.
Be the first to comment