The Economic and Financial Crimes Commission, EFCC, has arraigned one Aremu Muftau Ajagun before Justice Uche Agomoh of the Federal High Court, Ibadan, Oyo State, for fraud.
He was arraigned by the Ibadan Zonal Directorate of the Commission on a one-count charge, bordering on advance fee fraud and obtaining by false pretence to the tune of N145,000, 000.00 (One Hundred and Forty Five Million Naira).
The charge reads: “That you, Aremu Muftau Ajagun in August 2025, in Ibadan, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the sum of N145, 000, 000.00 ( One Hundred and Forty Five Million Naira Only) from one Adegbite Musiliu Adetunji by false pretence, when you represented to him that the said sum is the purchase price of eight pieces of 4000KVA transformer and other false pretences which you knew to be false and thereby committed an offence contrary to Section 1(1) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and Punishable under Section 1(3) of the same Act.”
He pleaded not guilty to the charge when it was read to him, prompting the prosecution counsel, Deputy Superintendent of EFCC, DSE Mabas Mabur to ask for a trial date and for the defendant to be remanded in a Correctional centre, while the defence counsel, Kemi Fawosola pleaded with the court for the defendant to be remanded in the EFCC custody.
Justice Agomoh ordered that the defendant be remanded in Agodi Correctional Centre, Ibadan.
Upon the arraignment of the defendant, the prosecution counsel declared his readiness to present two witnesses before the court, while the defence counsel prayed the court for an adjournment on the ground that the defence needed more time to go through some documents crucial to the trial and to file a bail application.
The matter was adjourned till May 8, 2026 for hearing of the bail application and June 9 and 10, 2026 for continuation of trial.
Ajagun is facing trial for having allegedly made a false representation of himself as a consultant with Burron Development Limited to his victim, Adegbite Musiliu Adetunji and fraudulently obtained a total sum of N145 million from him under the pretence of using the money to purchase eight transformers for him.
It was later discovered that he purchased the items from Burron Development Limited but supplied them to other victims, whom he had earlier taken money from for the same items.
