N150m Fraud: Appeal Court Dismisses Suspect’s Bail Appeal
The Court of Appeal, Lagos Division, has dismissed an application filed by a suspected fraudster, Nelson Emuobosa Omo–Ode, challenging the ruling of the Special Offences Court, Ikeja, Lagos denying him bail.
Omo–Ode, a 34-year-old Business Administration graduate of the Kuala Lumpur Metropolitan College, Malaysia, was arrested on July 18, 2019 at his residence at the Address Homes, Onikani Foreshore Banana Island, Ikoyi, Lagos, following a petition received by the Commission about his suspicious lifestyle.
Investigations showed that over N150, 000,000 (One Hundred and Fifty Million Naira) had passed through his account in recent time, which he could not account for.
He was subsequently arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a three-count charge bordering retention of proceeds of criminal conduct to the tune of N150m.
He pleaded not guilty to the charges preferred against him, thereby leading to his trial.
