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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Police arraigns India/Canada citizen, Nigerian accomplice over alleged N100, 075m fraud

A Nigerian, Olakunle Bello Shola and an India/Canada citizen, Santosh Singh, were today, arraigned before a Federal High Court, over alleged fraud of N100, 075, million. Lakunle 31 and Santosh 43, were arraigned before the court presided over by Justice Oluremi Oguntoyinbo, by the men of police Special Fraud Unit (PSFU) Ikoyi, Lagos.    Arraigning the defendants before the court, the prosecutor, Mr. Sylvester Azuibuike, told the court that the defendants and one Vivek Bansal, now at large, with an intent to defraud, fraudulently obtained the sum of N100, 075…

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