Woman Arrested Over N45 Million Scam

Ibukun Adebayo Adedayo

EFCC has arraigned a lagos businesswoman, Ibukun Adebayo Adedayo before Justice Habeeb Abiru of the Lagos High Court sitting in Ikeja, on a 24 count charge bordering on stealing, forgery and altering to the tune of N45.1 million

Ibukun allegedly converted money entrusted to her firm, Structured Financial Group of Ventures to personal use by forging the e-mail instruction of clients.

One of the counts read: “Ibukun Adebayo Adedayo on or about the 13th of June, 2008 at Lagos within Ikeja Judicial Division whilst being Head of Structured Financial Group of Ventures and Trust Limited stole and fraudulently converted the sum of N7, 000,000 (seven million naira) property of Mrs Olajumoke Obafemi in her account with Ventures and Trust Limited.”

Another count read:“Ibukun Adebayo Adedayo on or about the 4th of August, 2008 at Lagos within Ikeja Judicial Division whilst being Head of Structured Financial Group of Ventures and Trust Limited stole and fraudulently converted the sum of N6, 5000, 000(six million five hundred thousand naira) property of one Olajumoke Obafemi which sum you debited from her account with Ventures and Trust Limited and credit to the account of Manamachi Technobuild Services with Zenith Bank Plc and Converted same”.

The accused pleaded not guilty to the charge, prompting prosecution counsel, Takiyudeen Arabi, to ask the court to remand her in prison custody and give a date for the commencement of trial.
However, counsel to the defendant, Olukemi Omotosho said she had filed an application for bail and asked the court for a short adjourned date to consider the application.

She also pleaded that the accused person be remanded in EFCC custody.
Justice Abiru adjourned the case to October 22, 2012 for hearing of bail application and ordered that the accused be remanded in EFCC custody.(Pm reports)