The Economic and Financial Crimes Commission, EFCC, has arraigned the duo of Taiwo Oluwadahunsola and Adebola Adetayo before Justice O. O. Abike-Fadipe of the Special Offences Court in Ikeja, Lagos, for alleged N999,950,000 fraud.
They were arraigned alongside Green Eagles Limited on a 19-count charge bordering on conspiracy to steal, money laundering, and issuance of dishonoured cheques.
Oluwadahunsola, Adetayo and Green Eagles Agribusiness, in September 2020, allegedly stole N946,000,311, from Volition Capital Investment Staff (Eti-Osa) Cooperative Multipurpose Society Limited.
In another count, the defendants, on 3rd November, 2020 in Lagos, dishonestly converted N50,000,000, belonging to Volition Capital to the use of Green Eagles Agribusiness Solution Limited.
After they pleaded “not guilty” to the charges, the prosecution counsel, Bilikisu Buhari prayed the court for a trial date to prove its case.
Counsel for the defendants, Williams Ugwu, however, informed the court of the bail applications for the defendants.
Justice Abike-Fadipe granted them 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 their bail conditions while the case was adjourned till July 6, 2023.