N152m Scam: Lagos Court Set Feb’ 2025 Trial Date For Olusanya, Oaks Homes Limited

A Federal High Court sitting in Ikoyi, Lagos will commence the trial of Lagos-based Estate developer, Olukayode Olusanya, CEO, Oak Homes Limited on February 10, 2025, for allegedly defrauding US-based Nigerian, Mr Anthony Ehiedu Ugbebor of a total sum of N152 million.

This was disclosed by the presiding judge, Justice Musa Kakaki on November 26 when the case was brought before him.

Interestingly, the accused, Mr Olusanya and his counsel, Adeleke Agboola, a Senior Advocate of Nigeria were in court when the matter came up for mention.

Recall that the prosecutor, Chief Superintendent of Police M.A. Omo-Osagie, had prayed the court to grant him the leave to withdraw the former three-count charge in suit number FHC/L/261C/2024 and replace same with a four-count charge; a request that was granted.
As is always the case in fraud-related litigations in Nigeria, Olukayode Olusanya pleaded not guilty on behalf of himself and his company.

CSP Omo-Osagie subsequently urged the court to give a trial date given the plea taken by the first and second defendants.

Defense counsel, Mr Adeleke urged the court to allow his client to enjoy the former bail granted him. The court obliged him and fixed February 10, for the commencement of trial.

The fresh charges, as filed by the Police Prosecutor in CHARGE NO.FHC/L/261C/2024:
BETWEEN
INSPECTOR-GENERAL OF POLICE = COMPLAINANT
AND
1) OLUKAYODE OLUSANYA ‘M’ 41 YEARS
2) OAK Homes Ltd (Oak Homes Multinational Services Ltd) = DEFENDANTS
1ST AMENDED CHARGE
That you Olukayode Olusanya ‘M’, Oak Homes Ltd and one Lynda Umeh ‘F’ Head of Sales and Marketing, 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