• About us
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 23, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home Issues

EFCC Arraigns Couple For N2.7billion  Fraud In Lagos

Admin by Admin
November 28, 2023
in Issues
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, November 28, 2023, arraigned a couple, Oriyomi Idowu and Ruth Idowu, before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on  20 count charges bordering on obtaining money by false pretence, money laundering, stealing, retention of stolen property, and forgery to the tune of N2,757,188,000 (Two Billion, Seven Hundred and Fifty Seven Million, One Hundred and Eighty Eight Naira) only.

They were arraigned alongside Food Commodity Processing Enterprise, Bonway Food Processing Company Limited, Samee Idowu Company Limited and Farmex Integrated Companies Limited, which all belong to Ruth Idowu. 

One of the counts reads: “Ruth Sameeha Idowu, aka Loiry Ventures, Oriyomi Kabeer Idowu, aka Yocli Ventures, Food Commodity Processing Enterprise, Bonway Food Processing Company Ltd, Samee Idowu Company Limited, Farmex Integrated Companies Limited, sometime in 2023 in Lagos, within the jurisdiction of this Honourable court, converted the sum of N10,000,000 to purchase a GLK Benz, purchase sum derived from converting the sum of N500,000,000 belonging to Creditpro Business Support Services with the aim of disguising the illegal origin of the funds.”

Another count reads: “Ruth Sameeha Idowu, aka Loiry Ventures, Oriyomi Kabeer Idowu, aka Yocli Ventures, Food Commodity Processing Enterprise, Bonway Food Processing Company Ltd., Samee Idowu Company Limited, Farmex Integrated Companies Limited, sometime in 2023 in Lagos, within the jurisdiction of this Honourable court, dishonestly retained the sum of N936,619,876 (Nine Hundred and Thirty-Six Million, Six Hundred and Nineteen Thousand, Eight Hundred and Seventy-Six Naira) only in your UBA bank account, property of Creditpro Business Support services knowing same to be funds fraudulently obtained from Creditpro Business Support Services.”

The defendants pleaded “not guilty” to the charges when they were read to  them.

In view of their pleas, prosecution counsel, Bilikisu Buhari, prayed the court for a trial date and the remand of the defendants  at a Correctional Facility.

Counsel to the first defendant, G. Onwubuya, informed the court of the bail application of his client, which had yet to be served on the prosecution. He prayed the court to remand the defendants in the EFCC custody and also sought a short adjournment for the hearing and determination of the bail application.

In her objection, Buhari informed the court that the holding facility of the EFCC was already overstretched. She also told the court that the appropriate place, following arraignment, was a Correctional Centre.

The Judge held that there was no bail application before the court for the second defendant, whose counsel, J.J. Ogunyemi, had yet to file.

Consequently, Justice Dada adjourned the matter till December 15, 2023 and ordered that the defendants be remanded at the Correctional Centre “pending hearing and determination of their bail applications”.

ShareTweetSend
Previous Post

EFCC  Probes $54,230 Handed Over by Customs

Next Post

How Keke Driver Contracted To Convey Kids To School Disappeared With 4 Kids In Abia

Admin

Admin

Related Posts

Group Caution Against Continued Illegal Appropriation of Mineral Resources in Nigeria
Issues

Group Caution Against Continued Illegal Appropriation of Mineral Resources in Nigeria

July 10, 2025
NEMA Conducts Flood Simulation in Kano to Strengthen Multi-Stakeholder Preparedness
Issues

NEMA Conducts Flood Simulation in Kano to Strengthen Multi-Stakeholder Preparedness

July 6, 2025
Expert Calls for Harmonization of Nigeria’s Fiscal and Monetary Policies
Issues

Expert Calls for Harmonization of Nigeria’s Fiscal and Monetary Policies

June 24, 2025
Next Post

How Keke Driver Contracted To Convey Kids To School Disappeared With 4 Kids In Abia

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

July 20, 2025
GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

July 19, 2025
  • Trending
  • Comments
  • Latest
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

March 19, 2025
A Legacy Forged in Duty: Nigerian Army at 162 Years of Nation Building and Sovereign Defence

A Legacy Forged in Duty: Nigerian Army at 162 Years of Nation Building and Sovereign Defence

July 3, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

₦20.5 Billion Drug Bust at Onne Port: Customs, NAFDAC Cement Inter-Agency Synergy in Landmark Seizure

July 20, 2025
GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

GIABA Ministers Meet in Accra to Reinforce Regional War Against Financial Crime Amid Sahel Uncertainties

July 19, 2025
Pay Fines to Banks, Not Officers, FRSC Corps Marshal Warns Motorists

FRSC Recovers 35 Stolen Vehicles in Six Months Through Data-Driven Operations

July 18, 2025
Seven Convicted for Fraud in Kaduna as EFCC Intensifies Crackdown on Cybercrime and Impersonation

Seven Convicted for Fraud in Kaduna as EFCC Intensifies Crackdown on Cybercrime and Impersonation

July 18, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In