Tuesday, 16 May 2017

Massive fraud: Fred Ajudua loses to EFCC, slammed with 28-count charge over $8.4m (photos)

Massive fraud: Fred Ajudua loses to EFCC, slammed with 28-count charge over $8.4m (photos)

The Economic and Financial Crimes Commission (EFCC) has announced that the alleged serial fraudster, Fred Ajudua will now face trial for $8.4m fraud.

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Huge $8.4m fraud: Fred Adujua loses to EFCC, slammed with 28-count charge
- The EFCC has won the case to bring Fred Ajudua to trial over an alleged $8.4m fraud

- The man referred to as a serial fraudster had tried to quash his trial but lost

- Justice Oyefeso of the Lagos state High Court sitting in Ikeja, on Tuesday, May 16, 2017, dismissed his application

The Economic and Financial Crimes Commission (EFCC) has announced that the alleged serial fraudster, Fred Ajudua will now face trial following his failed attempt to dismiss an $8.4m fraud case.

On Tuesday, May 16, Justice J.E. Oyefeso of the Lagos state High Court, Ikeja, dismissed an application filed by Ajudua, to quash his trial.

The EFCC will now re-arraign him on an amended 28-count charge bordering on conspiracy and obtaining by false pretence to the tune of $8.4m.

Massive fraud: Fred Ajudua loses to EFCC, slammed with 28-count charge over $8.4m (photos)


Fred Ajudua in court

The alleged fraudster along with others who are still at large is facing trial for allegedly collecting various sums of money from Lt. General Ishaya Bamaiyi ( retd.), while they were both in custody at the Kirikiri Prison, Lagos.

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The EFCC said:

The defendant and his accomplices had allegedly approached Bamaiyi, who was facing trial for the attempted murder of Alex Ibru, the late Publisher of The Guardian Newspaper, and assured him that they could secure his freedom.

This is not the first time he is facing trial for fraud


This is not the first time he is facing trial for fraud

Justice Oyefeso dismissed the application to stop the trial on the grounds that it lacked merit.

The judge said: "I have concluded on the fact of this case. The application lacks merit and is hereby dismissed."

The defendant pleaded not guilty when the charges were read to him. Justice Oyefeso ruled that defendant should continue to enjoy the bail earlier granted by the Court of Appeal.

Ajudua pleaded not guilty in court on Tuesday, May 16


Ajudua pleaded not guilty in court on Tuesday, May 16

The case was then adjourned till July, 12 and 13, 2017 for trial.

Meanwhile, the EFCC has also rearraigned a former minister of aviation, Chief Femi Fani-Kayode before a Lagos division of the Federal High Court.

Fani-Kayode was rearraigned alongside Nenadi Usman, a former minister of state for finance on a 17-count charge of money laundering and alleged diversion of N4.6 billion.

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