Court freezes oil marketer, Jyde Adelakun, accounts over alleged $5m fraud

A Federal High Court, Lagos, on Wednesday, October 17 ordered that the accounts of a businessman, Jyde Adelakun Aremu Buraimoh, domiciled in Polaris Bank Limited, formerly Skye Bank Plc, be frozen for the period of 60 days, over alleged $4,920.5 million fraud. Also affected in the court order, is the businessman’s company’s accounts also domiciled with the bank. The EFCC had dragged both the businessman and his company, Top Energy Company Limited, before the court on alleged fraud in a suit marked FHC/L/CS/586/18. Justice N. Ayo-Emmanuel, who presided over the court gave…

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Proceed of fraud: Court orders 3 banks to freeze fraudster’s accounts

A Federal High Court, Lagos, presided over by Justice Sule Hassan on Friday September 14 ordered the management of the three commercial banks, where a suspected fraudster, Ajineh Pius Erovwose, warehoused alleged proceed of fraud. The order of the court to freeze the account is pending conclusion of investigation and possible prosecution of the Economic and Financial Crimes Commission (EFCC) against the suspect. The  accounts are First City Monument Bank (FCMB), United Bank of Africa (UBA) and Union Bank PLC. Justice Hassan made the order sequel to application filed and argued before…

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