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$87m Theft Case: AAS Investors Storm FCT High Court To Demand Justice As Jesam, Legal Team Clear The Air At Abayomi’s Hearing (Video)—-The FCT High Court sitting in Jabi, Abuja has adjourned the arraignment of Abayomi Oluwasesan till May 2nd, 2024.

Although the matter was mentioned for hearing, the trial could not go on because of the absence of the Defendant (Abayomi). The prosecutor reported to the court that the prison officers couldn’t bring him because of the recent prison break at the Suleja correctional centre. He further submitted that proper arrangements are serious ongoing to secure his presence in court in the next adjourned date…

The Defendant Counsel moved a motion for the review of Abayomi bail application, which is subject to the discretion of the court that must be exercised judiciously.

Abayomi Segun Oluwasesan who allegedly committed the heinous crime of defrauding the leading global crypto space known as Afriq Arbitrage System has been Re-arrested alongside his wife and arraigned in FCT High court, Jabi in Abuja on March 28th, 2024.

Abayomi and his wife were tracked to an estate in Lagos and brought back to Abuja on Sunday, March 24th, 2024 over the lingering financial scam to the tune of 87 million dollar and criminal activities he perpetrated against AAS and the CEO, Jesam Micheal.

The arraignment of Abayomi by the IG of police at the Federal High Court in Abuja witnessed a significant development on Thursday, March 28th, 2024, as the case involving the alleged theft of 87 million dollar by Abayomi OluwaSesan charged by the Inspector General of Police, Kayode Egbetokun, proceeded with significant deliberations.

The accused individuals were charged for purportedly accessing millions of subscribers’ investments at the Afriq Arbitrage Company’s online trading platform until October 9th, 2023.

In the courtroom presided over by Justice Ms. Idris, both parties, including the defendants’ lawyer and the complainant lawyer Sidi Abdulrasheed, were present alongside individuals whose investments were affected by the alleged fraud at the Afriq Arbitrage Company.

During the session today, the defendants’ lawyer appealed for leniency on the stringent bail condition on behalf of Abayomi OluwaSesan citing their prolonged detention and promising their availability for trial if granted bail. However, the complainant lawyer, Sidi Abdulrasheed, opposed the bail request, highlighting previous instances where the defendants had allegedly fled after being granted bail.

Upon hearing arguments from both sides, Justice Ms. Idris adjourned the case until May 2nd, 2024.

It would be recalled that the conditions initially given included provision of two sureties each with 500 million Naira, owning property in Maitama, and also two directors in the federal civil service. Additionally, the sureties must deposit the title documents of their properties in court.

Speaking to Jesam Micheal the CEO of Afriq Arbitrage Company’s (AAC) after the court proceedings, he clarified the wrong narratives by a session of the media propagated by one human rights group. He narrated how Abayomi who was entrusted with the platform while he went for liver transplant tempered with the systems and defrauded the community of the staggering sum of $87m. He said even the defendant’s counsel admitted he stole the money when he said some properties have been returned to the company.

Also, the complainant’s counsel, Barrister Obeten revealed that justice will be served at the court as the suspect has allegedly admitted to committing the crime and speaking too much on the issue is tantamount to contempt of the court.

Meanwhile, several investors in their hundreds stormed the court to show solidarity to the company and its board of directors. They affirmed that the Afriq Arbitrage System is legit as they benefited immensely from it before the unfortunate saga involving Abayomi. They all chanted their demands for justice.

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Kebbi State Police Reportedly Reject ₦1.6 Million Bribe From Lakurawa

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Lakurawa

Kebbi State Police Reportedly Reject ₦1.6 Million Bribe From Lakurawa—-Thecloudngr reports that the Kebbi State Police Command has rejected a ₦1.6 million bribe offered by bandit group, Lukarawa, to compromise its prosecution of suspected members of the group.

The bribe was offered to the Command’s lead investigator, at the premises of the State Criminal Investigation Department, in Birnin-Kebbi.

In a statement on Tuesday, the Command’s spokesperson, Nafiu Abubakar, assured the commitment of the Kebbi Police to investigate and prosecute the suspects.

It read, “On January 13, 2025, at about 1800hrs, one Umaru Garba ‘m’ aged 53yrs of Dangandu village, Alhaji Abubakar Alhaji Mamman ‘m’ aged 51yrs of Maimaichi village, all of Arewa LGA, and Usman Muhammadu ‘m’ aged 50yrs of Bakaramba village in Argungu LGA, conspired and offered the sum of One Million and Sixty Thousand Naira ( ₦1, 060, 000) bribe to the Command’s lead Investigator, at the premises of the State Criminal Investigation Department, State Headquarters, Gwadangaji, Birnin Kebbi.

“The bribe is with a view to compromise the Investigation and prosecution of a case of banditry allegedly perpetrated by suspected Lakurawa terrorists operating in the northern part of the State.

The suspects were instantly arrested, and the investigation is still ongoing, after which they will be charged to court for prosecution.”

The Commissioner of Police, Kebbi State Command, Bello Sani, further commended the commitment and professionalism displayed by the detectives and urged other Police Officers to emulate them.

Sani reiterated the Command’s determination in the ongoing fight against banditry and other serious crimes to allow socio-economic activities to thrive in Kebbi State.

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JUST IN: Oriyomi Hamzat And Ooni Ex-Queen Charged With Murder Of 35 Children By Oyo State

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Oriyomi Hamzat And Ooni Ex-Queen

JUST IN: Oriyomi Hamzat And Ooni Ex-Queen Charged With Murder Of 35 Children By Oyo State—-The Oyo State Government has filed eight counts, bordering on murder and manslaughter against the ex-queen of the Ooni of Ife, Naomi Silekunola, the proprietor of an Ibadan-based radio station, Oriyomi Hamzat, and the Principal of Islamic High School, Bashorun, Ibadan, Abdulahi Fasasi, over the December 18, 2024 funfair stampede, during which 35 children died.

The charge sheet, marked I/05C/2025, sighted by our correspondent on Sunday, was filed on Friday, January 10, 2025, before the Oyo State High Court in Ibadan.

The Oyo State Government was listed as the complainant while Silekunola, Hamzat abd and Babatunde were named as defendants.

In the 18 counts, the government accused the defendants of “conspiracy to commit a felony to wit: murder, manslaughter, conspiracy to commit an offence to wit: criminal negligence, and criminal negligence.”

The offences are said to be contrary to and punishable under Section 324 of the Criminal Code, CAP 38, Vol II, Laws of Oyo State, 2000.

In the charge sheet obtained by The PUNCH, the prosecution disclosed the names and details of 14 out of the 35 children who died in the incident.

They include Musiliu Sofiat, female, eight years; Lekan Salami, male, seven years; Feyikemi Salam, female, 1.5 years; Olaniyan Joshua, male, 1.5 years; Laeef Muisi, male, eight years; Opeyemi Ayomide, female, four years; Adebayo-Fatimah, female, four years; Adebayo-Abibat, female, five years; Adeyanju Taiwo, female, eight years; Salaudeen Khalid, male, minor; Anjorin Faridat, female, 10 years; Nahaam Muisi, male, 13 years; and Babatunde Toheeb, male, 18 years.

The state alleged that the defendants “negligently omitted to provide adequate security, crowd control mechanisms, and medical facilities to prevent a stampede at a children’s funfair programme organised by you.”

It alleged that the defendants’ “negligent omission resulted in the death of Musiliu Sofiat, aged 8 years, and 34 other children, thereby committing an offence contrary to Section 308 and punishable under Section 344 of the Criminal Code, CAP 38, Vol II, Laws of Oyo State, 2000.”

Fasasi faces trial on a four-count charge, including conspiracy, acceleration of death, negligent acts causing harm, and failure to provide adequate security and medical facilities.

Last week, Oyo State Governor Seyi Makinde vowed that the state would prosecute the defendants.

The defendants have been in prison custody since December 24, following their arrest by the police.

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