Police withdraw alleged N1.3bn fraud case against Obanikoro’s son, others
The Nigeria Police Force has withdrawn a fraud charge against Mr. Gbolahan Obanikoro, and four others, over alleged N1.3 billion fraud involving Access Bank.
Obanikoro alongside, Adejare Adegbenro; Balmoral International Limited; M.O.B. Integrated Limited; and DDSS International Company Limited were billed for arraignment before Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos on February 27.
PUNCH Online reports that the Federal High Court in Lagos had on Jan 31, 2025, fixed February 27, 2025, for the arraignment of Gbolahan Obanikoro, the son of Senator Musiliu Obanikoro, and four others for alleged N1,356,057,330.43 fraud.
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However, in a statement cited by PUNCH Online on Thursday, the police in a notice of withdrawal brought under Section 108(1) of the Administration of Criminal Justice Act, 2015, informed the court of its desire to withdraw the charge against the defendants.
The document dated February 4, and signed by a Chief Superintendent of Police, J. I. Enang read in part: “Take notice that the prosecution hereby withdraws the above-mentioned charge against the defendants herein.
However, no reason was given for the withdrawal of the charge.
In the suit marked: FHC/L/902c/2024, the defendants were accused of conspiracy, obtaining by false pretences, and involvement in a N1,356,057,330.43 fraud.
The Inspector General of Police had through the Special Fraud Unit in Ikoyi, Lagos, accused all the defendants of conspiring between May and September 2013 to fraudulently obtain the sum of N1,356,057,330.43 from Access Bank Plc (formerly Diamond Bank).
They allegedly misrepresented themselves to the bank’s staff and officers, claiming that they were involved in the business of importing cars from Dubai for sale in Nigeria and that the money was needed to finance the importation of a set of brand-new cars for resale.
The defendants were also accused of converting, transferring, retaining, or taking possession of the funds, knowing or having reason to know that such funds were proceeds of unlawful activity.
Additionally, they were alleged to have unlawfully converted the sum of N1 billion belonging to the bank for personal use.
When the matter came up last month, the prosecutor, M.Y. Bello informed the court that the matter was scheduled for the arraignment of all defendants.
However, he requested a new date to allow all the defendants to appear in court and take their pleas.
Counsel for the 4th defendant, Joshua Abel, told the court that most of the defendants, who were directors were not in the country, adding that only the companies named in the charge had been served with the charge sheet.
He, however, assured the court that all defendants would be present at the next adjourned date to take their pleas.
In light of the submissions, Justice Lewis-Allagoa adjourned the matter to February 27 for the arraignment of all the defendants.
Meanwhile, there were indications that the hearing for the case to be struck out might hold tomorrow, Friday.
