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The Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned a man, Adeoye Gabriel Adewale, and his company, De Lukas Global Concept Limited, over alleged fraud involving N7.819 million.
According to a statement by EFCC Head of Media and Publicity, Dele Oyewale, Adewale was arraigned on Thursday, August 13, 2026, before Justice Olusola Adetujoye of the Oyo State High Court sitting in Ibadan.
The statement added that the defendant allegedly defrauded one Abdulrasaq Awotedo of N7,819,000 after presenting himself as a car dealer and collecting the money for the purchase of two vehicles.
The anti-graft agency alleged that Adewale perpetrated the fraud through a fake car mart presented to the victim, after which the money was paid into his company’s First Bank account and allegedly converted to his personal use.
He was arraigned on a one-count charge bordering on stealing by conversion, involving the sum of N7,819,000 belonging to Awotedo.
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The charge stated that Adewale and De Lukas Global Concept Limited, between October 6, 2021 and March 23, 2022, within the jurisdiction of the court, converted the money to their personal use, contrary to Section 390(9) of the Criminal Code Act, Cap C38, Laws of the Federation of Nigeria, 2004.
The defendant pleaded not guilty to the charge.
Following his plea, the prosecution counsel, Sanusi Galandachi, urged the court to fix a date for trial and remand the defendant in a correctional centre.
However, counsel to the defendant, A. Towolawi, told the court that a bail application had been filed, urging the judge to admit his client to bail pending the hearing and determination of the case.
Justice Adetujoye subsequently adjourned the matter for hearing of the bail application and ordered that the defendant be remanded at the Agodi Correctional Centre.
