Court Reschedules Austin Albert's Arraignment to October 5

Justice Ibrahim Ahmad Kala of the Federal High Court in Lagos has adjourned the arraignment of Austin Albert, Managing Director/Chief Executive Officer of Loft & Keys Ltd and Loft & Keys LLC, Dubai, and his associate Jinadu Musbau Olalekan, to October 5, 2026. They face charges including forgery, money laundering, unlawful transfer of funds, and an alleged N460.75 million fraud.

The arraignment was initially set for July 23 but was postponed due to Albert's absence, as he was reportedly undergoing major surgery in Dubai. Defence counsel Abdulhakeem Adio informed the court that the amended charge was only recently served and that efforts were being made to settle the dispute out of court.

The prosecution, represented by G. T.

Nev, argued that no medical report was provided to support Albert's claim of surgery. The Inspector General of Police has instituted a five-count amended charge against the defendants, alleging they conspired to fraudulently transfer N460,750,000 from Premiere Immigration and Advisory Limited's account without authorization.