June 13, 2024
Court Fixes Trial Of Lagos Couple For January 10 Over Alleged N2.7bn Fraud
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Court Fixes Trial Of Lagos Couple For January 10 Over Alleged N2.7bn Fraud

The Special Offences Court sitting in Ikeja, Lagos, has fixed January 10, 2024, for the commencement of the trial of a couple, Oriyomi Idowu and Ruth Idowu, who were arraigned by the State Zonal Command of the Economic and Financial Crimes Commission (EFCC) on a 20-count charge bordering on obtaining money by false pretence, money laundering, stealing, retention of stolen property, and forgery to the tune of N2.7bn.

Trial Judge, Justice Mojisola Dada, however, fixed Dec 20 to hear the bail application of the first defendant, Ruth Idowu.

The EFCC had arraigned the duo on November 28, 2023, alongside some companies, Food Commodity Processing Enterprise, Bonway Food Processing Company Limited, Samee Idowu Company Limited and Farmex Integrated Companies Limited, all of which were said to belong to Ruth Idowu.

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The defendants had pleaded “not guilty” to the charges, and the court subsequently adjourned till Friday, December 15, 2023, for hearing of their bail applications.

Babatunde Ogala, SAN, counsel for Oriyomi, the second defendant, moved the bail application for his client, which was granted by Justice Dada in the sum of N250 million, with two sureties in like sum, who must show means of gainful employment and must agree to have a lien placed on their bank accounts.

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