Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
No Result
View All Result

EFCC arraigns Lexicon Multiconcept Media CEO for fraud

Jessica Jacob

April 24, 2025
in News
0
EFCC arraigns Lexicon Multiconcept Media CEO for fraud
Share on FacebookShare on TwitterShare on Whatsapp

The Economic and Financial Crimes Commission, EFCC has arraigned the CEO of Lexicon Multiconcept Media Limited, Osabohem Alex Ologbosele. He was arraigned alongside his company and one of his employee, Augustine Iyoha before Justice Akpan of the Federal High Court sitting in Abuja.

According to the statement posted on the EFCC official X page on Thursday, they were arraigned on six-count amended charges bordering on fraud, obtaining under false pretense and money laundering to the tune of N459, 050,000 (Four Hundred and Fifty Nine Million, Fifty Thousand Naira only).

Before reading the charges to them, the prosecuting counsel, O.S Ujam, informed the court of her intention to replace the initial charge filed on the 7th of March, 2025 with the amended charge filed on the 10th of March, 2025. The court granted her request to replace the charges.

In view of the not guilty plea, Ujam asked the court for an adjournment to enable the prosecution to open its case and call witnesses. The defense counsel, Samuel Ogala also drew the attention of the court to an application for bail for the first and second defendant which was filed on March 24, 2025 and the second application for the 3rd defendant, dated March 27, 2025, urging the court in the interest of justice to grant bail on liberal terms.

However, Ujam informed the judge of a 17 paragraph affidavit in response to the counter-affidavit of the defense dated April 2, 2025 and filed same date in opposition to the application for bail, urging the court to deny the application on the ground that the defendants are flight risks, who stopped reporting to the EFCC office for months and may fail to appear for their trial if granted bail.

“My lord, the first defendant was arrested in November 2023, and he left in November 2024 and did not report back till February 5, 2025, and I believe that if granted bail, he may not appear for his trial,” she said.

Thereafter, Justice Akpan after listening to the arguments of the two counsels on bail application adjourned the matter till May 2, 2025, for ruling for bail and ordered that the defendants be remanded in Kuje prison.

Related Posts

WAFCON: CAF president hails Morocco’s football advancement 
News

WAFCON: CAF president hails Morocco’s football advancement 

President of the Confederation of African Football (CAF), Dr. Patrice Motsepe, has lauded Morocco’s unwavering commitment to the development...

by Rasheed Aladejana
July 5, 2025
Ex Army chief calls for return of military discipline through NYSC
News

Ex Army chief calls for return of military discipline through NYSC

Former Chief of Army Staff, Lt.-Gen. Azubuike Ihejirika (retd.), has called for the introduction of mandatory military training for...

by Rasheed Aladejana
July 5, 2025
Chief imam rapes 8-year-old in Osun
News

Chief imam rapes 8-year-old in Osun

The Chief Imam of a mosque in Babasanya-Araka Area of Ede, Osun State, simply identified as Kadiri, has confessed...

by Rasheed Aladejana
July 5, 2025
US court jails Nigerian over teen’s sextortion death
News

COVID-19 fraud: US court jails Nigerian pastor over $4.2m

A United States District Court has sentenced a Nigerian pastor, Edward Oluwasanmi, to 27 months over a $4.2 million...

by Emmanuel Oluwadola
July 5, 2025
Next Post
Stakeholders renew commitment to tackle housing deficit

Stakeholders renew commitment to tackle housing deficit

Afrocover news

The Afrocover team is a group of media enthusiasts that are committed to illuminate information fairness and objective media coverage across Africa. We also cover the depth of African Politics, History, Culture, Entertainment, and the Economy as the case may be.

© 2025 Afrocover – All right reserved

Subscribe To Our Newsletter

Loading
Facebook Twitter
No Result
View All Result
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.