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Three Former RSMN IMPEX Employees Arraigned for Alleged ₦1 Billion Theft

LAGOS, NIGERIA – The Special Offences Court in Ikeja, Lagos, has arraigned three former employees of RSMN IMPEX LIMITED for allegedly stealing products worth ₦1 billion from their employer.

The defendants, Fatai Adebayo, Adewale Adebayo, and Sodiq Olagunju, were brought before Justice Ismail Ijelu by the Special Fraud Unit (SFU) of the Nigeria Police on a three-count charge bordering on conspiracy and stealing.

According to the prosecution, the defendants conspired to steal 8,000 cartons of Lude Polish between 2019 and October 2024 while working for RSMN IMPEX LIMITED. They were charged under Sections 516A and 390(7) of the Criminal Code Act, Cap C38, Laws of the Federation of Nigeria, 2004.

During the arraignment, Dr. Emmanuel Jackson, the head of SFU’s legal team, requested a trial date and urged the court to remand the defendants in custody pending the conclusion of the case.

He also informed the court that the prosecution had three witnesses to testify against the accused.

Also Read: EFCC Arraigns AMCON MD, Four Others for Alleged N76 Billion Fraud

In response, defense counsels Rufai Akanbi and Olanrewaju Adeniyi, representing the first and third defendants, informed the court that they had filed bail applications, pleading for the court to grant bail on liberal terms.

However, Christian Adogba, counsel for the second defendant, stated that he had yet to file a bail application and requested a short adjournment.

Dr. Jackson did not oppose the bail request but raised concerns about the defendants being flight risks, noting that their arrest required tracking devices.

In his ruling, Justice Ismail Ijelu granted bail to the first and third defendants in the sum of ₦5 million each, with two sureties in like sum.

One surety must be a family member, while the other must be a civil servant of at least Grade Level 14.

The case has been adjourned for further proceedings.

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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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