Obasanjo Loses Millions In Fraudulent Deal
A subsidiary of Obasanjo Holdings Ltd has been allegedly defrauded of the sum of N105m by an Egba chief, Abiodun Ajayi. One Chief Abiodun Ajayi has been dragged to court by the police for allegedly defrauding Alarab Properties, a subsidiary of Obasanjo Holdings Ltd of the sum of N105m. The News Agency of Nigeria reports that the accused was arraigned before an Abeokuta magistrates’ court on three counts bordering on forgery, fraud and stealing. The prosecutor, Sunday Eigbejiale, told the court that Ajayi, who is the Balogun of Ijemo in Abeokuta south council area, fraudulently forged the Sidipon community power of attorney and fraudulently used same to obtain the sum of N105m from Alarab Properties. The prosecutor said the accused committed the alleged offences in a transaction involving the sale of 67 acres of land at the Sidipon Village. The charge reads in part: “That you Salimon Abiodun Ajayi, between 2007 and 2012, with intent to defraud, did obtain the sum of N105m, pr...