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Businessman Faces Trial over Defrauding Sterling Bank of $39,554

A Lagos Special Offences Court in Ikeja has heard how a businessman, Olaoluwa James Oluwamide, and his company, Ayomi Triumph Energy Limited, allegedly defrauded Sterling Bank of $39,554.

The Economic and Financial Crimes Commission (EFCC) brought the charges against Oluwamide and his company.

The EFCC Counsel, Nwandu Ukoha, informed the court that the matter had been inherited from retired Justice Serifat Solebo and requested a speedy trial.

The court then took the plea of the defendant on a count charge.

Oluwamide pleaded not guilty.

Read Also: EFCC Arraigns BDC Operator Abdulhamid Isah over $63,599 Fraud Allegations

Ukoha prayed for a trial date, informing the court of various tactics employed by James’s lawyer in the previous matter to frustrate the trial.

He complained that while they were before Justice Solebo, Oluwamide’s lawyers always absconded from proceedings, and when it was time for their appearance, he would disappear.

The defence counsel, Olumuyiwa Balogun, arrived late and pleaded with the court to represent the defendant.

The judge asked if the lawyer still wished to represent the defendant, and Balogun confirmed yes.

Finally, Ukoha requested a trial date, and Justice Olubusola Okunuga adjourned the trial till Feb 8, 2024.

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Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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