A Lagos Special Offences Court, sitting in Ikeja, has ordered the remand of businessman Moruf Gbadamosi in prison custody for allegedly obtaining over N23 million under false pretenses.
Justice Olubunmi Abike-Fadipe remanded Gbadamosi after he was arraigned before the court by the Economic and Financial Crimes Commission (EFCC), along with his company, Greenbil Mega Ocean Limited.
Gbadamosi and his company face four counts of obtaining by false pretenses and stealing, as charged by the EFCC.
According to the anti-graft agency, in February 2024, the defendant and his company fraudulently obtained N19,250,000 from Mrs. Racheal Mabadeje and another N3,850,000 from Mrs. Kareem Sakirat, claiming that the funds were for the purchase and supply of BUA sugar.
The prosecution stated that these offenses contravened Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006, as well as Section 287 of the Criminal Law of Lagos State, 2015.
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Gbadamosi pleaded not guilty to the charges against him.
The prosecution counsel, Linda Durogo, requested a trial date and asked the court to keep the defendant in a correctional facility pending the determination of the case.
In response, 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 Gbadamosi in the sum of N20 million, requiring two sureties in a like sum.
The court specified that the sureties must provide evidence of tax payment and have their addresses verified.
The judge ordered that Gbadamosi be remanded in a correctional facility until he meets the bail conditions.
The matter has been adjourned to September 17, 2025, for the commencement of the trial.
