N152m Fraud: Court Arraings Oak Homes Ltd CEO - The LandMark Info

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Thursday, November 28, 2024

N152m Fraud: Court Arraings Oak Homes Ltd CEO

 




The Chief Executive of Oak Homes Ltd, Olukayode Olusanya and his company have been arraigned before the Federal High Court, Lagos, for allegedly defrauding an America- base businessman, Anthony Ehiedu Ugbebor of the sum of N152 million under false pretence. 


The trial judge, Justice Musa Kakaki adjourned further hearing of the case till February 10, 2025, after the defendants have pleaded not guilty. 



At the mention of the case on November 26, the defendant, Olukayode Olusanya was present in court. 

At the mention of the case on November 26, the prosecutor, Chief Superintendent of Police M.A. Omo-Osagie, told the court he was withdrawing the former three count charge in suit number FHC/L/261C/2024 and replacing it with a four count charge. 


The court granted the application and ordered that the first amended charge be read to the defendants. 


The first defendant, Olukayode Olusanya, took the plea of not guilty for himself and on behalf of his company.


The Prosecutor, Omo-Osagie Esq. urged the court, that in view of the not guilty plea, to give a trial date.


The defendant’s counsel, Agboola Adeleke SAN, urged the court to allow his client to continue on the former bail granted him. The court granted his request.


The court thereafter adjourned till 10 February, 2025  for the trial. 


The fresh charge as filed by the Police Prosecutor in CHARGE NO.FHC/L/261C/2024 reads:


BETWEEN


INSPECTOR-GENERAL OF POLICE       = COMPLAINANT


AND


1) OLUKAYODE OLUSANYA 'M' 41 YEARS


2) OAK Homes Ltd (Oak Homes Multinational Services Ltd) =   DEFENDANTS


1ST AMENDED CHARGE


That you Olukayode Olusanya 'M', Oak Homes Ltd and one Lynda Umeh 'F' now at large being the Chief Executive Officer and Head of Sales and Marketing respectively, on the 8th day of November, 2017 at No. 11A, Jubril Aminu Street, Parkview Estate and No.4 Ribadu Road off Awolowo Road, both in Ikoyi, Lagos within the Judicial Division of this Honourable Court did conspire among yourselves to commit felony to wit: Obtaining money from One Anthony Ehiedu Ugbebor 'M' under false pretences and thereby committed an offence contrary to Section 8(a) of the Advance Fee Fraud & other Related Offences Act No. 14 of 2006 and punishable under Section 1(3) of the Advance Fee Fraud and other Related Offences Act No. 14 of 2006.


COUNT II


That you Olukayode Olusanya 'M', Oak Homes Ltd and one Lynda Umeh 'F' now at large on the same date, time and place in the aforementioned Judicial Division did by False Pretence and with intent to defraud obtained the sum of One Hundred and Fifty- Two Million Naira (N152,000,000) from One Anthony Ehiedu Ugbebor 'M' a Resident of Valley Stream, New York 11580, United States of America under the pretext of selling and delivery of possession of a twổ(2)units of Three (3) Bedroom Flats at 'The OAK Residence' situated at No. 14A Musa Yar'Adua Street, Victoria Island, Lagos, a representation you knew to be False and thereby committed an offence contrary to Section (1) 1 (a) of the Advance Fee Fraud & other Related offences Act No. 14 of 2006 and punishable under Section 1 (3) of the Advance Fee Fraud & other Related offences Act No 14 of 2006.


COUNT III


That you Olukayode Olusanya 'M', Oak Homes Ltd and one Lynda Umeh 'F' Division with intent to defraud did offer for sale a two units of Three bedroom flat on the second floor at "The OAK Residence' situate at No. 14A Musa Yar'Adua Street, Victoria Island, Lagos through an offer Letter dated 6th November, 2017 with an inducement to deliver possession on 28th February, 2019 to one Mr. Anthony Ehiedu Ugbebor a resident of Valley Stream, New York 11580, in the United States of America having fraudulently obtained the Sum of One Hundred and Fifty-Two Million Naira (N152,000,000) from him, a promise you knew to be false and thereby committed an offence punishable under Section (4) of the Advance Fee Fraud & Other Related Offences Act No.14 of 2006.


COURT IV


That you Olukayode Olusanya 'M' and one Lynda Umeh 'F' now at large on the same date, time and place in the aforementioned Judicial Division did steal the sum of One Hundred and Fifty-Two Million Naira (N152,000,000), property of one Mr. Anthony Ehiedu Ugbebor under the pretext of selling a 2 unit of 3 Bedroom flats at the 2nd Floor of 'The OAK Residence' situate at No. 14A Musa Yar'Adua Street, Victoria Island, Lagos via an offer Letter dated 6th November, 2017 and converted the proceed to your personal use, an offence punishable under Section 290 (9) of the Criminal Code Act Cap C38 LFN, 2004.

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