HomeBreaking NewsEFCC Arraigns Man for Alleged N13m Fraud in Lagos

EFCC Arraigns Man for Alleged N13m Fraud in Lagos

-

‎‎The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC,  on Friday, October 24, 2025, arraigned one Martins Morakinyo for an alleged N13m theft before Justice R. A. Oshodi of the Lagos State High Court sitting in Ikeja, Lagos.

‎Morakinyo was arraigned on a three-count charge bordering on stealing, obtaining property by false pretence and conspiracy to steal to the tune of N13m.

One of the counts reads: “ Martins Morakinyo (Trading under the name and style of Refined Edge Concept) and Tope Afolabi (at large) sometime in 2024 in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted the sum of N13,283,750.00 (Thirteen Million, Two Hundred and Eighty-Three Thousand, Seven Hundred and Fifty Naira) property belonging to Jawo Technologies and Innovative Solutions Limited.”

The defendant pleaded “not guilty “ to the charge when it was read to him.  ‎In view of this,  prosecution counsel, A. A. Usman, asked the court for a trial date and also prayed for the remand of the defendant in a Correctional Centre.

‎Counsel to the defendant, B.J. Fayemi, prayed the court for a date to move an application for bail on behalf of his client.

‎ ‎Justice Oshodi adjourned the case till November 7, 2025, for the hearing of the bail application and December 9 and 12,2025 the commencement of the trial.

‎‎The Judge also ordered the defendant to be remanded at the  Maximum Correctional Centre, Kirikiri, Lagos.

SUPPORT US

At Priceless Media Publishing Nig. Ltd /Securitynewsalert.com, we are steadfast in our commitment to independent journalism: reporting that is fearless, impartial, and free from the interference of powerful personalities, politicians and government interests.

Without corporate sponsorships or political affiliations, our ability to investigate freely rests in the hands of the people we serve—you!

Every donation helps us expose the truth, amplify silenced voices, and hold power accountable.
Stand with us because journalism should serve the people, not power.

• Account Name: PRICELESS MEDIA PUBLISHING NIG. LTD
• Account Number: 1943445259
• Bank Name: ACCESS Bank

LATEST POSTS

Grandma Convicted, South African Lady Arrested with Colos, Meth Shipments

 As NDLEA seizes large consignments of illicit drugs in Lagos, Taraba, Kano, Kaduna, Edo, Cross River, and Ondo sweeps; recovers assorted rifles, ammunition in Plateau.At...

#Oyo Police Engages Political Leaders, Vows Thorough Probe into Agbaje Market Violence

 The Oyo State Police Command has stepped up efforts to safeguard peace ahead of the 2027 general elections, convening a high-level stakeholder meeting with political...

IGP Disu Visits Air Chief, Mourns 25 Victims of NAF 931 Aircraft Crash

 The Inspector-General of Police, Olatunji Rilwan Disu, has paid a condolence visit to the Chief of the Air Staff, Air Marshal S.K. Aneke, following the...

#IGP Disu Posts New Police PROs to Commands, Formations

The Inspector-General of Police, IGP Olatunji Rilwan Disu, has approved the posting of new Police Public Relations Officers (PPROs) and Public Relations Liaison Officers to...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe
spot_img

Most Popular

spot_img