Reported by: Ijeoma G | Edited by: Oravbiere Osayomore Promise.
The Ibadan Zonal Directorate of the Economic and Financial Crimes Commission has arraigned one Adeoye Gabriel Adewale and his firm, De Lukas Global Concept Limited, before Justice Olusola Adetujoye of the Oyo State High Court, Ibadan, over an alleged N7.8 million car fraud. The defendant was arraigned on Thursday, August 13, 2026, on a one-count charge bordering on stealing by conversion, following a petition by the victim, Abdulrasaq Awotedo.
According to the EFCC in a post shared on Facebook yesterday, Adewale allegedly presented himself as a car dealer and defrauded Awotedo of N7,819,000 under the pretext of supplying two cars. The victim, believing the representation, transferred the money into the company's bank account domiciled with First Bank. However, after receiving the payment, Adewale allegedly failed to deliver the vehicles and instead converted the money to his personal use. The offence, according to the prosecution, contravenes Section 390(9) of the Criminal Code Act, Cap C38, Laws of the Federation of Nigeria, 2004.
When the charge was read to him, Adewale pleaded not guilty. Following his plea, prosecution counsel Sanusi Galandachi prayed the court for a trial date and the remand of the defendant in a correctional centre. However, counsel to the defendant, A. Towolawi, informed the court that a bail application had been filed and urged the court to admit his client to bail pending the hearing and determination of the charge. Justice Adetujoye adjourned the matter for the hearing of the bail application and ordered the remand of the defendant in Agodi Correctional Centre.
The case is one of several fraud-related prosecutions currently before the court, reflecting the commission's continued efforts to address financial crimes involving fraudulent business transactions and the abuse of trust by individuals and companies. The EFCC has consistently urged members of the public to verify the authenticity of business transactions and to report suspicious activities to the commission to prevent financial losses. The court is expected to hear the bail application at the next adjourned date, while the prosecution prepares to present its case against the defendant.
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