A 62 year-old man, Adeyanju Gbadegesin Louis, and his son, Mark Oluwaseun Adeyanju, were today, arraigned before an Igbosere Chief Magistrate’s Court, Lagos, for allegedly defrauding an agricultural firm, ‘Than Farm Limited of the sum of N44, 844, 450 million, under the pretence of supplying the company cashew nuts.
Both the father and son alongside their company, Society Adeglobal Resources, located at Plot C55, Amuwo-Odofin Industrial Estate, Lagos, were arraigned before Chief Magistrate O. O. Oshin (Mrs), on two count charges of obtaining the said sum under false pretence and stealing, by the men of Force Criminal Intelligence and Investigation Department (Force CIID) Alagbon-Ikoyi, Lagos.
The prosecutor, Barrister Morufu Animashaun, while arraigning the defendants before the court stated that the two defendants and others now at large, had on or before June 2018, received the sum of N44, 844, 450 million from the agricultural firm with the pretence that they have in their company cashew nuts valued to the amount for instant supply.
He told the court that upon the defendants receiving the money from the agricultural firm, they failed in supplying the cashew nuts and refused to returned the money to the firm.
Barrister Animashaun further told the court that the agricultural firm was forced to petition the General Investigation Department (GID) of the Force CIID, when it became, crystal clear that the defendants were not ready or willing to either supply the agricultural product or refund the money.
The prosecutor also told the court that upon receiving the petition, it took his department several months before the defendants could be arrested and invited for interrogation.
Adding that the defendants admitted receiving the money from the company but failed to give reason by they failed in supplying the cashew nuts and return the money to the complainant.
He said following the failure of the defendants to give satisfactory reasons to justify their action, they were brought before the court on the alleged offences.
He told the court that the offences committed by the defendants are contrary to and punishable under sections 325 and 287(8) of the criminal laws, Ch. 7, Vol. 3. Law of Lagos State, 2015.
Both defendants pleaded not guilty to the charges.
Their lawyer, Kola Akosile, pleaded with the court to grant his client bail in the most liberal terms. He told that court that they are first time offenders without previous criminal record and that they have credible sureties to stand for them.
Following the alucutor of their lawyer, Chief Magistrate Oshin (Mrs.), admitted both the father and son to bail in the sum of N1 million each with each responsible sureties each. She ordered that the sureties mist deposit the sum of N500, 000, each to the interest yielding account of the Court’s Registrar.
She added that the sureties must have three years tax receipt paid to the Lagos State government and that they must be residents of Lagos State.
Chief Magistrate Oshin, while adjourned the matter till February 13, for mention, ordered that the two defendants be remanded pending the fulfilment of the bail conditions.
The charge against the defendants read: “that you Mark Oluwaseun Adeyanju, (M), Adeyanju Gbadegesin Louis (M) and Society Adeglobal Resources and others at large, on or about 7th day of June, 2018 a: Plot C55. Amuwo-Odofin Industrial Estate, Lagos in the Lagos Magisterial District, fraudulently defrauded the company of Thoam Farms Limited, the sum of 44, 844.844.450.00 (Forty-four million, Eight Hundred and forty-Four thousand, four Hundred and fifty Naira) by cajoling the company to invest the above sum into Cashew Nuts business and thereby committed an offence contrary to Section 325 of the Criminal Law. CH.17. Vol. 3. Law of Lagos State, 2015.
And count two reads: “that you Mark Oluwaseun Adeyanju (M), Adeyanju Gbadegesin Louis, (M) and Society Adeglobal Resource Limited, and others at large on or about 7th day of June, 2018, at Plot C55, Amuwo-Odofin Industrial Estate, Lagos in the Lagos Magisterial District stole the sum of 44, 844.344.450.00 (forty four million, eight hundred and forty four thousand, four hundred and fifty Naira) property of Thoam Farms Limited, and thereby committed an offence contrary to Section 287(8) or the Criminal Law, Ch. 7, Vol. 3. Law of Lagos State of Nigeria, 2015”.