Justice Uche Agomoh of the Federal High Court in Ibadan, Oyo State, yesterday, ordered the remand of Olaniyan Gbenga Amos over his involvement in a N35 million scam.
The Ibadan Command of the Economic and Financial Crimes Commission (EFCC) charged Amos with a 35-count charge bordering on conspiracy, operating business of other financial institutions and obtaining money under false pretense.
According to the charge, the suspect used his company, Detorrid Heritage Investment Limited (DHIL), to perpetuate the scam.
Daily Trust reports that the Court of Appeal sitting in Ibadan last week ruled that the suit against him at the high court was in order.
The defendant was arrested following petitions by victims alleging that through his company, DHIL popularly known as Crime Alert Security Network Investment, induced them to invest in a network scheme which offered a monthly 30 per cent returns on investment.
The Prosecution Counsel, Galadanchi Sanusi, asked the court to remand the defendant at a correctional centre pending commencement of trial.
Counsel to the first and second defendants, Richard. A. Ogunwole (SAN), informed the court that he had filed an application for the release of his client on bail.
Consequently, Justice Agomoh adjourned till October 25, 2021, for hearing of bail application and also ordered that the defendant be remanded at the Nigerian Correctional Centre, Abolongo, Oyo State.