IBADAN — Mrs. Juliet Odogu, Head Counter-Terrorism, and General Investigation Department, EFCC Ibadan Zonal office, has told a Federal High Court in Ibadan that Gbenga Olaniyan , a defendant in an alleged N135 million fraud, defrauded over 2,000 investors.
A report by the News Agency of Nigeria reveals that Olaniyan, the Chief Executive Officer (CEO) of Detorrid Heritage Investment Nigeria Limited (DHIL), who introduced a product known as Crime Alert Security Network, is facing multiple charges bordering on false pretence and fraud.
He had however pleaded not guilty to any of the charges.
Testifying before Justice Uche Agomoh, Odogu explained that EFCC received over 2,000 petitions from Nigerians that Olaniyan had defrauded them of their hard-earned monies after refusing to fulfill his obligation of repaying their dividends.
The witness said that investors paid between N5,000 and nine million Naira depending on their subscriptions.
She tendered the documents containing the names, amount paid, and receipts of each customer that petitioned the agency before the court.
The defense counsel, Mr. Richard Ogunwole (SAN) had earlier opposed the tendering of some documents by the EFCC.
Ogunwole contended that the documents were not admissible by the court because they were mere photocopies and not certified true copies.
However, the judge overruled the objection and admitted the documents as exhibits against the defendant.
Agomoh subsequently adjourned the matter until March 1, 2, and 3 for a continuation of trial.
- Kogi Govt Stress Commitment To Surmount Insecurity - May 18, 2024
- Anambra 2025: The APC’s Ticket Conundrum - May 17, 2024
- CP Itam Assumes Duty As The 34th Commissioner Of Police in Anambra - May 13, 2024
