By Lukman Olabiyi
Justice Yetunde Adesanya of the Lagos State High Court, Tafawa Balewa Square (TBS), has fixed June 24, 2025, for the arraignment CEO of Vale Blue Limited, Vale Finance and Coral Stone Limited Adesola Adeyinka.
The court fixed the date following the defendant failure to appear in court for his arraignment on Wednesday.
When the case was called on Thursday, Police prosecution counsel, CSP M.A. Omo-Osagie, informed the court that the matter was for arraignment, but that the suspect was not in court.
Adeyinka is facing a four-count charge bordering on conspiracy, fraud, stealing, threats, and making false statements.
The charges were brought by the Nigeria Police over alleged offences committed between May 11, 2022, and November 17, 2023, at Marina Street and Awolowo Road, Ikoyi, Lagos.
The police alleged that Adeyinka, through deceit and threats, defrauded Barama Energy Resources Limited and one Mr. Oladipo Jimoh, of the sum of N14,502,800, in addition to $42,591 loan facilities purportedly granted to Barama Energy Resources Ltd.
According to the charge, Adeyinka, who is now at large, allegedly used menaces, including threats of injury and detention, to demand $42,591 claiming it to be an unliquidated loan.
He was also accused of defrauding the complainants at the Economic and Financial Crimes Commission office on Awolowo Road, Ikoyi, on November 17, 2023.