Olukayode Olusanya, Oak Properties CEO arraigned for ‘N152m’ fraud

0

The Nigeria Police has arraigned Olukayode Olusanya, the chief government officer of Oak Properties Restricted, a Lagos-based actual property agency for an alleged N152 million fraud rip-off.

In a 5 counts filed by the Police earlier than the Federal Excessive Courtroom in Lagos, Olukayode Olusanya and his firm Oak Properties Restricted. have been accused of alleged threat to homicide, acquiring by false pretence, stealing and conspiracy.

Within the cost dated April 15, 2024, with swimsuit quantity FHC/L/261C/2024, the police alleged that Olusanya conspired with the pinnacle of gross sales and advertising supervisor of Oak Properties, Lynda Umeh, who’s now at massive, to commit the offences.

The police stated Okunsanya and Umeh connived collectively and supplied the sale of two models of three-bedroom flats on the second ground at Oak Residence positioned at 14A Musa Yar’Adua Avenue, Victoria Island, to at least one Mr. Anthony Ehiedu Ugbebor, a Nigerian-based United States of America engineer, underneath the false pretence that it was on the market.

Within the 5 counts, which have been filed earlier than the courtroom by the officer in cost and prosecuting counsel, Superintendent of Police Omo-Osagie M.A. from Zone 2 Police Command Headquarters, Onikan Lagos, the police stated the alleged incident came about between November 8 and 21, 2017, and August 4, 2020.

Olusanya and Umeh have been additionally accused of fraudulently acquiring the sum of N85,000,000 and N49,000,000, between November 21, 2017, and August 4, 2020, from the complainant, Ugbebor, via Zenith {Bank} Account Quantity 1014543701, on the Bourdillion department, Ikoyi.

The police additional alleged that Olusanya and his confederate, Umeh, defrauded Ugbebor by inducing him to pay a complete sum of N152m for the 2 models of the property on the Oak Residence with the promise to ship possession on February 28, 2019, as outlined within the supply letter, however have did not fulfil the promise to this point.

Olukayode Olusanya was additionally accused of stealing the stated cash from Ugbebor which was a useful safety entrusted to him and he transformed the identical to his private use.

“Olukayode Olusanya, on the identical date, time and place within the aforementioned Judicial Division of this Honourable Courtroom, did conspire to homicide Mr. Anthony Ehiedu Ugbebor, a resident of Valley Stream, New York 11580, United States of America every time he steps into Nigeria for daring to report you to the EFCC and different Safety Businesses,” a part of the cost learn.

In keeping with the police, the offences dedicated contravened Sections 516A (1), 418, 390 (8) (c) (d), 324 of the Prison legal guidelines of the Federation of Nigeria, 2004 and Part 1 (3) the Advance Price Fraud and different associated offences Act 2004.

Consequently, the case was adjourned until February 10, 2025.

Leave A Reply

Your email address will not be published.