EFCC Arraigns Man, Company Over Alleged ₦7.8m Car Deal Fraud In Ibadan

The Economic and Financial Crimes Commission, EFCC, has arraigned Adeoye Gabriel Adewale and his company, De Lukas Global Concept Limited, before the Oyo State High Court in Ibadan over an alleged ₦7.8 million car deal fraud.

The EFCC alleged that Adewale presented himself as a car dealer and obtained ₦7.819 million from one Abdulrasaq Awotedo for the purchase of two cars. According to the Commission, the transaction was carried out through a purported fake car mart, with the money paid into the company’s First Bank account before it was allegedly converted to Adewale’s personal use.

He was arraigned on a one count charge of stealing by conversion. The charge alleged that the offence was committed between October 6, 2021 and March 23, 2022.

Adewale pleaded not guilty to the charge. Following his plea, EFCC counsel, Sanusi Galandachi, requested a trial date and the defendant’s remand, while defence counsel, A. Towolawi, informed the court that a bail application had been filed.

Justice Olusola Adetujoye subsequently adjourned the case for hearing of the bail application and ordered that Adewale be remanded at Agodi Correctional Centre, Ibadan, pending the proceedings.