Owo Prince John Olateru Olagbegi Arraigned For Fraud

Toluwalade John Olateru Olagbegi, a prince in Owo, Ondo state has been arraigned on one rely cost of fraud, for acquiring N35million by false pretence.

 

Olagbegi was arraigned on Tuesday earlier than Justice Uche Agomoh of the Federal Excessive Court docket one sitting in Ibadan.

Olagbegi who resides at Bodija, allegedly collected the sum from the complainant on the pretext of buying and selling in foreign exchange.

 

Based on the cost, the prince on or about 4th of March, 2021, obtained N35 million from Julius Olorunsogo Alase, a businessman.

Olagbegi collected the cash on behalf of Lusan Royal Buying and selling by false pretending it was half cost of the price of an influx of $1 million that he claimed to have secured for him.

The defendant pleaded ‘not responsible’ when the cost was learn to him.

Justice Agomoh thereafter ordered the remand of the defendant within the Nigerian Correctional Centre, Agodi.

 

He adjourned the case until 25 October 2021 for listening to of the bail software and November 15, 2021 for graduation of trial.