A legal practitioner, Idowu Adebayo Michael and two other persons, Mukaila Fakos and Rasaq Sefiu Adesina were today remanded in Kirikiri Prisons over their alleged involvement in a N155million fraud.
Justice Hakeem Oshodi ordered their remand following their plea of not guilty to a 11 count charge preferred against them by the Police.
Their offence bordering on conspiracy to effect an unlawful purpose, fraudulent disposal of trust property, stealing, obtaining money by false pretence, forgery and uttering of false document.
The defendants was said to have conspired sometimes in 2009, unlawfully and unauthorised sale of property oft No 2, Kayode Taiwo street, Magodo, Lagos without his permission or consent.
The police claimed that Engineer Adesina and Fakos sold the landed property to Barrister Idowu Adebayo Micheal for N35 million and fraudulently converted the money to their own use and benefit.
Part of the charge read that, ‘Mukaila Fakos, Engr. Rasak Sefiu Adesina, Barrister Idowu Adebayo Micheal, Babatunde Smith (at large) and Adigun Smith (at large), sometimes in 2010 in Ikeja conspired to obtained the sum of N120 million from one Lanre Obiesan by false pretence when you know you were not authorised to do so by the true owners unlawful sale of Mr Idowu Musiliu Ololape Balogun and Musbal Nig. Ltd’s property to him.”
The prosecution also alleged that defendants obtaine N120million from Obiesan by falsely representing to him that they were authorised to sell land property at No 5c Micheal Ogun Street, GRA, Ikeja.
Also, they were alleged to have forged document titled; “Special Resolution of Musbal Nig. Ltd” dated December 8, 2010. “Form CAC 7” and “Consent Letter by Ayoola Fakos” and uttered false document to Guarantee Trust Bank through its member staff to act upon as genuine.
After their plea, prosecution counsel, Mr Emmanuel Jackson asked theel, Mr Emmanuel Jackson asked the court for short adjournment for trial and prayed the court to remand the defendants.
However, defendants counsel, Lawal Pedro (SAN) in his response told court that the 3rd defendant (Barr Micheal) had filed application for bail.
The trial judge thereafter adjourned hearing of bail application till February 26, 2018 and ordered them to be remanded in prison custody.