Trial Of Businessman Who Allegedly Duped Nigerians Over $300,000 Adjourned

Sola Soyele  
Updated April 17, 2018

Justice U.P. Kekemeke of the Federal Capital Territory (FCT) High Court, Apo, has adjourned the trial of a businessman identified as Ighodaro Austin Osaretin to May 5, 2018.

The suspect is being prosecuted by the Economic and Financial Crimes Commission (EFCC), for allegedly duping innocent Nigerians of the sum of $328,974.37.

The EFCC in a statement signed by its Head, Media and Publicity, Wilson Uwujaren, said Osaretin allegedly duped Nigerians in a fake business deal that happened between March and November 2015.

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“He placed an advertisement on supposedly belonging to Universal Agricultural Empowerment and Development Initiative, using same to swindle prospective investors, into parting with over $328,974.37 under the pretence that his organisation specialised in marketing goods and services globally.

He was first arraigned on April 9, 2018, on a one-count charge of fraud,” the statement read in part.

The count reads: “That you Ighodaro Austin Osaretin sometime between March 13, 2015, to November 9, 2015, in Abuja within the jurisdiction of this Honourable Court, with intent to defraud, did obtain the sum of $328,974.37 from several customers across the globe through the advert you placed on

He pleaded “not guilty” to the charge when it was read to him.

Subsequently, Justice Kekemeke fixed April 16, 2018, to hear his bail application. He was granted bail in the sum of N10 million and two sureties in like some, who must not be below the position of an assistant director in the Federal Civil Service, and who must possess landed properties.