Oil Marketer, Adeleke Fayose, Remanded in Prison Over Alleged N66.5m Fraud

An Ikeja Special Offences Court has ordered the remand of an oil marketer, Adeleke Fayose, in Correctional Facility, for alleged N66.5 million oil fraud.

Justice Mojisola Dada gave the remand order following his arraignment, pending hearing of his bail application.

Fayose was arraigned by the Economic and Financial Crimes Commission, EFCC, alongside his company, Brooks and Knight International Ltd on a three-count charge bordering on obtaining money under false pretences and stealing.

The prosecutor alleged the defendant obtained the sum of N66,5 million, property of GOSL Nigeria Ltd on the pretext that MV Primus was Shell pre-mobbed, a representation he knew to be false.

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EFCC, told the court that the defendant committed the offences on Aug. 9 and 10, 2018 in Lagos.

The prosecution also submitted that the defendant stole the money from GOSL Nigeria Ltd.

According to the prosecutor, the alleged offences contravened Sections 278, 285 (1)(8) of the Criminal Laws of Lagos State 2015 and Section 1(3) of the Advanced Fee Fraud and Other Fraud Related Offences, 2006.

The defendant, however, pleaded not guilty to the charge.

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The defence counsel, Mrs Chineye Udeh, informed the court of an application for the bail of the defendant.

Following his not guilty plea, the EFCC counsel, Mr Samuel Daji requested for a trial date to prove the allegation against the defendant.

Subsequently, the court fixed December 19, for commencement of the trial.


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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