A Lagos Special Offences Court sitting in Ikeja has ordered the remand of a businessman, Moruf Gbadamosi, in prison custody for allegedly obtaining over N23m, under false pretence.
Justice Olubunmi Abike-Fadipe remanded him on Wednesday after he was arraigned before the court by the Economic and Financial Crimes Commission alongside his company, Greenbil Mega Ocean Limited.
Gbadamosi and his company are facing four counts bordering on obtaining by false pretence and stealing, preferred against them by the EFCC.
According to the anti-graft agency, the defendant and his company, in February 2024, fraudulently obtained the sum of N19,250,000 from one Mrs. Racheal Mabadeje and another N3,850,000 from Mrs. Kareem Sakirat under the pretext that the funds were for the purchase and supply of BUA sugar.
The prosecution stated that the offences committed contravened Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and Section 287 of the Criminal Law of Lagos State, 2015.
Gbadamosi pleaded not guilty to the charges against him.
The prosecution counsel, Linda Durogo, requested a trial date and asked the court to remand the defendant to a correctional facility pending the determination of the case.
However, defence counsel, Victoria Emmanuel, informed the court that she had filed a bail application and urged the court to grant her client bail on liberal terms.
Justice Abike-Fadipe granted bail to the defendant in the sum of N20m, with two sureties in like sum.
The court directed that the sureties must show evidence of tax payment and that their addresses be verified.
The judge ordered that Gbadamosi be remanded in a correctional facility until he meets the bail conditions.
The matter was adjourned to September 17, 2025, for commencement of trial.
