The defendant was arraigned alongside his companies, Reaprite Global Limited and Agrorite Limited, on an 11-count charge bordering on obtaining by false pretence and stealing to the tune of N600,150,000 and $50,000.
Investigation revealed that the defendant allegedly defr@uded a number of persons on the pretence that he had an interest-yielding investment in agricultural export, EFCC said in a statement on Monday, August 19.
According to EFCC, Ayodele defrauded one
K. C. Akoson Investment Limited and Kenneth
C. Maduakor of N500 million. He was said to have collected the money under the guise of helping them to transfer it to their importers in China.
He was said to have used the money to purchase a property known as Plot 17
Pinnock Beach Estate, Anyiran Town, Eti Osa Local Government Area, Lagos.
The offence is contrary to Section 1(1) (a) and punishable under Section 1(3) of the Advance fee Fraud and Other Fr@ud Related Offences Act, 2006.
He pleaded "not guilty" to the offence and Justice Lawal adjourned the matter till August 21, 2024 for the hearing of the bail application and also remanded the defendant in Ikoyi Correctional facility.
