Sunday, 11 October 2026 · World
USD/EUR 0.8924 USD/GBP 0.7559 USD/JPY 158.3 USD/CNY 6.707 All rates →
RSS
EUROS The World Financial Report
Nº 92 Sunday, 11 October 2026 · World Edition
Emerging Markets

EFCC arraigns Nigerian-American over alleged $320,000 vehicle import fraud

Euros Room · 2h ago · 🇳🇬 Nigeria
EFCC arraigns Nigerian-American over alleged $320,000 vehicle import fraud

The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned a Nigerian-American, Oluwatobi Adegoke, before Justice

Read also: Customers are scared of giving out information to the police The commission alleged that two victims paid a combined sum of more than $320,000 in connection with the transaction. However, the one-count charge filed against the defendant cited a different transaction involving an alleged $680,000 payment. The charge reads: “Oluwatobi Adegoke sometime in December 2024 at Lagos, within the Ikeja Judicial Division, dishonestly converted to your own use the sum of $680,000, property of Ikechukwu Osita Ifeabunike, being money transferred to the bank account of your company, Omosco Auto Sales LLC, for the purchase of a 2022 G-Wagon from Robinson.” The charge was brought under Sections 278(1)(b) and 285(1)(a) of the Criminal Law of Lagos State, 2015. Adegoke pleaded not guilty to the charge. Following his plea, EFCC counsel, Arazeem Adebayo, urged the court to remand the defendant and fix a date for trial. Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

The commission alleged that two victims paid a combined sum of more than $320,000 in connection with the transaction. However, the one-count charge filed against the defendant cited a different transaction involving an alleged $680,000 payment. The charge reads: “Oluwatobi Adegoke sometime in December 2024 at Lagos, within the Ikeja Judicial Division, dishonestly converted to your own use the sum of $680,000, property of Ikechukwu Osita Ifeabunike, being money transferred to the bank account of your company, Omosco Auto Sales LLC, for the purchase of a 2022 G-Wagon from Robinson.” The charge was brought under Sections 278(1)(b) and 285(1)(a) of the Criminal Law of Lagos State, 2015. Adegoke pleaded not guilty to the charge. Following his plea, EFCC counsel, Arazeem Adebayo, urged the court to remand the defendant and fix a date for trial. Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

However, the one-count charge filed against the defendant cited a different transaction involving an alleged $680,000 payment. The charge reads: “Oluwatobi Adegoke sometime in December 2024 at Lagos, within the Ikeja Judicial Division, dishonestly converted to your own use the sum of $680,000, property of Ikechukwu Osita Ifeabunike, being money transferred to the bank account of your company, Omosco Auto Sales LLC, for the purchase of a 2022 G-Wagon from Robinson.” The charge was brought under Sections 278(1)(b) and 285(1)(a) of the Criminal Law of Lagos State, 2015. Adegoke pleaded not guilty to the charge. Following his plea, EFCC counsel, Arazeem Adebayo, urged the court to remand the defendant and fix a date for trial. Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

The charge reads: “Oluwatobi Adegoke sometime in December 2024 at Lagos, within the Ikeja Judicial Division, dishonestly converted to your own use the sum of $680,000, property of Ikechukwu Osita Ifeabunike, being money transferred to the bank account of your company, Omosco Auto Sales LLC, for the purchase of a 2022 G-Wagon from Robinson.” The charge was brought under Sections 278(1)(b) and 285(1)(a) of the Criminal Law of Lagos State, 2015. Adegoke pleaded not guilty to the charge. Following his plea, EFCC counsel, Arazeem Adebayo, urged the court to remand the defendant and fix a date for trial. Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

The charge was brought under Sections 278(1)(b) and 285(1)(a) of the Criminal Law of Lagos State, 2015. Adegoke pleaded not guilty to the charge. Following his plea, EFCC counsel, Arazeem Adebayo, urged the court to remand the defendant and fix a date for trial. Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

Adegoke pleaded not guilty to the charge. Following his plea, EFCC counsel, Arazeem Adebayo, urged the court to remand the defendant and fix a date for trial. Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

Following his plea, EFCC counsel, Arazeem Adebayo, urged the court to remand the defendant and fix a date for trial. Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

Defence counsel, Olalekan Abiodun, who had earlier raised an objection to the arraignment but was overruled by the court, subsequently applied for the defendant to be remanded in EFCC custody pending the filing of his bail application. The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

The court also overruled the defence counsel’s application. Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share

Consequently, Justice Abike-Fadipe ordered that Adegoke be remanded at the Kirikiri Correctional Centre and adjourned the case until January 13, 2027, for trial. Related News Customers are scared of giving out information to the police 2027 election will end political lies, deceit, Makinde Beyond the click: Building the African newsroom for the long term Share