Alleged N251.6m Theft: Court Commences Trial Nov 4

Dele Olaosebikan 

JUSTICE Ladiran Akintola of Oyo State High Court, sitting in Ibadan has adjourned till 4 November 2023, commencement of trial in a case of alleged stealing preferred against Obakin Emmanuel Ajibola. 

Ajibola is standing trial on four-count charges bordering on stealing to the tune of (Two Hundred and Fifty One Million, Six Hundred and Eighty Five Thousand Naira ( N251, 685, 000) preferred against him by the Ibadan Zonal Command of the Economic and Financial Crimes Commission,  (EFCC). 

One of the charges reads: “That you Obakin Emmanuel Ajibola, adult, male sometime in December 2022 at Ibadan within the jurisdiction of this Honourable Court, did fraudulently steal the sum One Hundred and Twenty Million, Five Hundred Thousand Naira (of N120, 500, 000.00) belonging to Lee Fakino Nigeria Limited, an offence of stealing contrary to Section 390(9) Criminal Code Law.”

At the resumption of the case on Monday (today), parties to the matter,  including the alleged victim of the crime, Akindele Fajemiyo, Managing Director and Chief Executive Officer of Lee Fakino Nigeria Limited, who is the first prosecution witness, were informed of an adjournment arrangement till 4 November 2023.

Ajibola was arraigned on 12 September  2023 before Justice Akintola on four counts of charges bordering on the alleged stealing of N251.6 million belonging to Lee Fakino Nigeria Limited. The defendant, who was one of the two directors of the firm and a signatory to the firm’s account, allegedly withdrew the above-stated sum from the firm without authorization and consent of the Managing Director and Chief Executive Officer, Akindele Fajemiyo.

Investigations revealed that the defendant allegedly removed the telephone numbers and email addresses of the MD/CEO of the firm from the banking details of Lee Fakino Nigeria Limited, through which notification alerts of transactions were received, to enable him to keep track of the account. He allegedly withdrew the said sum from the account of the firm, which was money paid for works executed by Lee Fakino Nigeria Limited for the Lagos State Ministry of Agriculture between 22 December  2022 and 9 March 2023 without any notification received by the Managing Director.

Upon arraignment, he pleaded “not guilty” to the charges preferred against him by the EFCC.

Eighteen-Eleven Media