A property developer and Chief Executive Officer of Oak Homes Limited, a property firm based in Lagos, Mr Olukayode Olusanya, has been dragged before a Federal High Court sitting in Lagos, over allegation of N152m fraud.
In the charge dated August 30, 2024, filed against Olusanya by the police, he was said to have collected the sum of N152m from a United States based Engineer, Mr Anthony Ugbebor.
Olusanya and his company were arraigned before the court for allegedly collecting the sum from Ugbebor under false pretence.
He pleaded not guilty to the charge and was granted bail.
Shortly after his arrangement, the trial judge, Justice Musa Kakaki, fixed trial in the matter for February 10, 2025.
In the criminal suit with charges number FHC/L/261C/2024, the police said the accused and one Lynda Umeh, connived together and offered the sale of two units of three-bedroom flats on the second floor at Oak Residence located at 14A Musa Yar’Adua Street, Victoria Island, to Anthony Ehiedu Ugbebor, a US-based engineer, under the false pretence that it was for sale.
The charge was filed before the court by the officer in charge and prosecuting counsel, Superintendent of Police Omo-Osagie M.A. from Zone 2 Police Command Headquarters, Onikan Lagos.
He was said to have acquired a tan coloured Rolls Royce about 4 years ago. The Rolls Royce can be seen parked facing out in the compound of the gray two story building with gate made of see – through horizontal bars. To see the tan coloured Rolls Royce you can go to Google maps and put his office address at No 4, Ribadu Road, Ikoyi
The fresh charge as filed by the Police Prosecutor reads:
Count I
That you Olukayode Olusanya ‘M’, Oak Homes Ltd and one Lynda Umeh ‘F’ now at large being the Chief Executive Officer and Head of Sales and Marketing respectively, on the 8th day of November, 2017 at No. 11A, Jubril Aminu Street, Parkview Estate and No.4 Ribadu Road off Awolowo Road, both in Ikoyi, Lagos within the Judicial Division of this Honourable Court did conspire among yourselves to commit felony to wit: Obtaining money from One Anthony Ehiedu Ugbebor ‘M’ under false pretences and thereby committed an offence contrary to Section 8(a) of the Advance Fee Fraud & other Related Offences Act No. 14 of 2006 and punishable under Section 1(3) of the Advance Fee Fraud and other Related Offences Act No. 14 of 2006.
COUNT II
That you Olukayode Olusanya ‘M’, Oak Homes Ltd and one Lynda Umeh ‘F’ now at large on the same date, time and place in the aforementioned Judicial Division did by False Pretence and with intent to defraud obtained the sum of One Hundred and Fifty- Two Million Naira (N152,000,000) from One Anthony Ehiedu Ugbebor ‘M’ a Resident of Valley Stream, New York 11580, United States of America under the pretext of selling and delivery of possession of a twổ(2)units of Three (3) Bedroom Flats at ‘The OAK Residence’ situated at No. 14A Musa Yar’Adua Street, Victoria Island, Lagos, a representation you knew to be False and thereby committed an offence contrary to Section (1) 1 (a) of the Advance Fee Fraud & other Related offences Act No. 14 of 2006 and punishable under Section 1 (3) of the Advance Fee Fraud & other Related offences Act No 14 of 2006.
COUNT III
That you Olukayode Olusanya ‘M’, Oak Homes Ltd and one Lynda Umeh ‘F’ Division with intent to defraud did offer for sale a two units of Three bedroom flat on the second floor at “The OAK Residence’ situate at No. 14A Musa Yar’Adua Street, Victoria Island, Lagos through an offer Letter dated 6th November, 2017 with an inducement to deliver possession on 28th February, 2019 to one Mr. Anthony Ehiedu Ugbebor a resident of Valley Stream, New York 11580, in the United States of America having fraudulently obtained the Sum of One Hundred and Fifty-Two Million Naira (N152,000,000) from him, a promise you knew to be false and thereby committed an offence punishable under Section (4) of the Advance Fee Fraud & Other Related Offences Act No.14 of 2006.
COURT IV
That you Olukayode Olusanya ‘M’ and one Lynda Umeh ‘F’ now at large on the same date, time and place in the aforementioned Judicial Division did steal the sum of One Hundred and Fifty-Two Million Naira (N152,000,000), property of one Mr. Anthony Ehiedu Ugbebor under the pretext of selling a 2 unit of 3 Bedroom flats at the 2nd Floor of ‘The OAK Residence’ situate at No. 14A Musa Yar’Adua Street, Victoria Island, Lagos via an offer Letter dated 6th November, 2017 and converted the proceed to your personal use, an offence punishable under Section 290 (9) of the Criminal Code Act Cap C38 LFN, 2004.
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