Oyo businessman arraigned over alleged N123m motorcycle fraud
A businessman, Taiwo Sunday, has been arraigned by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding a client in a motorcycle supply deal. The EFCC claims that Sunday received over N123 million from a complainant but failed to deliver the motorcycles or refund the money. The case is being heard by Justice Kareem Adedokun at the Oyo State High Court in Ibadan. The incident has raised concerns about fraudulent business transactions in the region.
What happened
- The EFCC arraigned Taiwo Sunday on a two-count charge of alleged fraud to the tune of N123 million.
- The arraignment took place before Justice Kareem Adedokun of the Oyo State High Court sitting in Ibadan.
- The case followed a petition by Oluwarotimi John, who claimed he paid N123,050,000 to Sunday’s company, Yemsund Enterprise, for motorcycle supplies.
- The EFCC stated that the motorcycles were neither delivered nor was the money refunded.
- In a separate case, Peter Otomewu and Pebeto Enerji Limited were arraigned for allegedly defrauding a petroleum services firm of $75,000.
