Gbolahan Obanikoro, son of former Nigerian Minister Musiliu Obanikoro, is set for arraignment alongside four others on fraud charges involving ₦1.356 billion. The case, involving misrepresentation and conspiracy, is scheduled for February 27, 2025, after the defendants failed to appear in court for their initial hearing.
Gbolahan Obanikoro, the son of former Nigerian Minister Musiliu Obanikoro, along with four others, is set to face trial for a ₦1.356 billion fraud case. The arraignment, scheduled for February 27, 2025, stems from charges including conspiracy and obtaining by pretenses.
The defendants, including Adejare Adegbenro, Balmoral International Limited, M.O.B. Integrated Limited, and DDSS International Company Limited, stand accused of defrauding Access Bank (formerly Diamond Bank) between May and September 2013. Prosecutors claim they misrepresented the purpose of the ₦1.356 billion funds, initially intended for vehicle imports from Dubai, and diverted it for personal use.
The case was adjourned after the defendants failed to appear in court on January 24, 2025. The prosecution had requested a bench warrant for their arrest due to the service of court papers, but the court ruled that proper service had not been effected on the first two defendants. The court directed the prosecution to regularize service on all parties.
This case involves violations of the Advance Fee Fraud and Money Laundering (Prevention and Prohibition) Act, which governs fraudulent activities and money laundering. The matter is scheduled to continue in February 2025, with the defendants facing significant legal repercussions if found guilty.
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