FBI probe: Alleged syndicates’ agent charged with N207m fraud gets N50m bail

A Federal High Court, Lagos, on Tuesday, admitted bail to an auto dealer, Sarumi Samusideen Babafemi, alleged to be an agent to the fraud suspects named by the United State’s Federal Investigation Bureau (FBI), in the sum of N50 million with one surety in the like sum. It would be recalled that Sarumi alongside his three companies, 606 Autos Limited, 606 Music Limited and Splash Off Entertainment Limited, were on last Friday, arraigned before Justice Chukwujekwu Joseph Aneke, on charges bordering on  N207.1 million fraud. Sarumi and his company were arraigned…

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Alleged N100m fraud: Indian, Nigerian accomplice get N5m bail

An India-born Canadian, Santosh Singh  and a Nigerian, Olakunle Bello Shola, who were alleged to have defrauded a bank of the sum of N100, 075 million, have been admitted to bail in the sum of N5 million with two sureties by a Federal High Court, Lagos. Both Santosh, 43 and Olakunle, 31 were arraigned before Justice Oluremi Oguntoyinbo led-court, last Monday, by the men of Police Special Fraud Unit (PSFU) Ikoyi-Lagos, on one count charge of fraud.  The offence, according to the prosecutor, Mr. Azuibuike, is contrary to Section 1 (2) of…

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