Kazeem Adedeji, the former Oyo State commissioner for Trade, Investment
and Cooperative that claimed second term seeking governor Abiola Ajimobi
signed a one term agreement with party leaders has been docked for
alleged NMulti-million fraud.
He has been remanded in prison custody till next adjournment.
Sources confirmed he is currently undergoing prosecution for alleged fraud perpetrated- along with others- while in office.
Here is the report on the unfolding scenerio.
'A Federal High Court sitting in Lagos, yesterday, ordered the remand
of Kazeem Adedeji, former Oyo State Commissioner for Trade, Investment
and Cooperative in Ikoyi prisons, Lagos, who is facing a nmulti-million fraud
charge.
Adedeji is standing trial alongside Yinka Fatoki and Kolawole Adewole on a six-count charge bordering on conspiracy and fraud.
They pleaded not guilty to the charge.
'At the hearing in the matter, trial judge, Justice Chukwujekwu
Aneke, ordered their remand in prison custody, following an application
by the prosecutor.
The prosecution had informed the court that counsel to the accused,
had just served him a bail summons for his clients, adding that he would
require time to file a counter affidavit in reply.
Justice Aneke adjourned the case to October 8, for hearing of the
bail application, but ordered the accused to be remanded in prison
pending the determination of their bail.
The prosecutor had told the court that the accused committed the offence between July 2012 and June 2013.
'He said that sometime in 2012, while Adedeji was still Commissioner,
the Oyo State Government entered into partnership agreement with Bank of
Industry, known as OYSG/B.O.I Fund, to create a pool from which
indigenous entrepreneurs could access credit facilities.
He told the court that parties had made a contribution of
N500,000,000 each, which amounted to N1 billion joint contribution, as
the joint venture was aimed at promoting Micro and Medium business in
Oyo State.According to the prosecutor, Adedeji lodged the said
contributions into Enterprise Bank, where his wife allegedly worked as
account officer, without the consent and approval of the Oyo State
Government.
'He told the court that the accused then conspired to obtain over N77
million, which they allocated to non-existing companies, adding that the
accused granted the facilities to Josh-Tolani Ventures, Tembenatil
Ventures, Ojoo God’s Grace Cooperative Society, Agric Preserve Company
Ltd, and Adis Steel Work Ltd.
The prosecutor said that upon investigation at the Cooperate Affairs
Commission, CAC, it was discovered that none of these companies existed.
'The offence is said to contravene the provisions of sections 1(1),
1(3) (a) and 8 of the Advance Fee Fraud and Other Fraud Related Offences
Act, Cap A6, Laws of the Federation, 2004.'
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