Home Judiciary & CrimeEFCC arraigns firm MD over alleged N12m fraud

EFCC arraigns firm MD over alleged N12m fraud

by Yahaya Lekwot
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THE managing director of Saphire Scents Limited, Adewale Aladejana, was charged by the Economic and Financial Crimes Commission before Justice M. A. Madugu of the Federal High Court in Bwari, Abuja, for allegedly earning N12 million through fraudulent means.

On Tuesday, he was charged with three offenses that had to do with misappropriation and collecting money under false pretense.

The EFCC’s spokesperson, Wilson Uwujaren, announced this in a statement on Friday.

When all the allegations were read to Aladejana, he, however, immediately entered a plea of not guilty.

In light of his plea, the prosecuting attorney, S. A. Ugwuegbulam, requested that the court set a trial date so that he could present his evidence.

However, the defense attorney, Eyitayo Fatogun, requested his client’s release on bail while the case is heard and decided.

Justice Madugu granted Aladejana bail in the amount of N4 million and two sureties in the same amount, and the case was continued for trial to November 21 and 22, 2022.

One of the sureties should be a level seven officer in the civil service with landed property within the court’s jurisdiction. Both sureties are expected to provide their valid means of identification, including their passport photographs.

Recall that sometime in March 2022 Nollywood actress Tonto Dikeh, a brand advocate for Saphhire Scents, publicly distanced herself from the company as she allegedly called out Aladejana for fraudulent practices.

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