The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Thursday, March 23, 2023, arraigned the duo of Taiwo Oluwadahunsola and Adebola Adetayo before Justice O.O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos for an alleged N999,950,000 fraud.
Oluwadahunsola and Adetayo were arraigned alongside a company, Green Eagles Limited, on a 19-count charge bordering on conspiracy to steal, stealing, money laundering, and offences in relation to issuance of dishonoured cheques to the tune of N999,950,000
They pleaded “not guilty” to the charges.
The prosecution counsel, Bilikisu Buhari, prayed the court for a trial date to enable the prosecution to prove its case against the defendants.
Counsel for the defendants, Williams Ugwu, however, informed the court of the bail applications for the defendants.
Moving the bail applications, he urged the court to grant them bail on liberal terms.
Justice Abike-Fadipe granted the defendants bail in the sum of N50 million, with two sureties in like sum.
The defendants were remanded at a Correctional Centre pending the perfection of the bail conditions.
The case was adjourned till July 6, 2023 for trial.