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|Son Of Former Governor Arraigned In Court Over N40M Fraud [Photo] by starz: 7:14 am On May 1, 2018|
The son of a former governor has been arraigned before a court in Lagos state over alleged N40 million fraud.Akinkunle Olunloyo, the son of a former governor in the South West, has been brought before a Lagos Magistrates’ Court in Igbosere over alleged N40 million fraud. Olunloyo, 40, a former night club owner, was charged alongside his entertainment firm, Code Media Limited, by the Police Special Fraud Unit, (PSFU), Lagos.
Prosecuting counsel, Sylvester Azubuike, told the court that Olunloyo committed the offences “in Lagos sometime in November 2014 in connivance with accomplices, who are now on the run.”
Olunloyo allegedly told the complainant that the money is to facilitate the renovation of his company’s entertainment premises and hall respectively.
The ex-governor’s son pleaded not guilty to the charges.
In a Bench Ruling, Chief Magistrate Oshin, observed that the defendant is standing trial on another charge before her and granted him bail in the sum of N500,000 with one surety in like sum.
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