The Lagos Directorate of the Economic and Financial Crimes Commission (EFCC) on Monday, August 19, 2024, arraigned Ayodele Toyosi, a Lagos businessman, before Justice A.M. Lawal of the Lagos State High Court sitting in Ikeja. Toyosi was arraigned alongside his companies, Reaprite Global Limited and Agrorite Limited, on an 11-count charge bordering on obtaining by false pretence and stealing to the tune of \u20a6600,150,000 and $50,000.<\/p>\n
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The EFCC, in a statement released on Monday, August 19, revealed that its investigation indicated that Toyosi allegedly defrauded multiple individuals by claiming he had an interest-yielding investment in agricultural export. According to the anti-graft agency, Toyosi defrauded K. C. Akoson Investment Limited and Kenneth C. Maduakor of \u20a6500 million, which he had promised to transfer to their importers in China. Instead, the EFCC alleges that Toyosi used the money to purchase a property known as Plot 17 Pinnock Beach Estate, Anyiran Town, Eti Osa Local Government Area, Lagos.<\/p>\n
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The EFCC stated, “The offence is contrary to Section 1(1)(a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.”<\/p>\n
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Toyosi pleaded “not guilty” to the charges brought against him. Justice Lawal adjourned the case until August 21, 2024, for the hearing of the bail application and ordered that the defendant be remanded in Ikoyi Correctional Facility.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Lagos Directorate of the Economic and Financial Crimes Commission (EFCC) on Monday, August 19, 2024, arraigned Ayodele Toyosi, a Lagos businessman, before Justice A.M. Lawal of the Lagos State High Court sitting in Ikeja. Toyosi was arraigned alongside his companies, Reaprite Global Limited and Agrorite Limited, on an 11-count charge bordering on obtaining by […]<\/p>\n","protected":false},"author":14,"featured_media":44469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-44468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/44468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=44468"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/44468\/revisions"}],"predecessor-version":[{"id":44470,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/44468\/revisions\/44470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/44469"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=44468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=44468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=44468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}