Oyo Businessman Taiwo Sundai Faces N123M Fraud Charges
Taiwo Sundai has been arraigned by the Economic and Financial Crimes Commission (EFCC) for allegedly committing fraud amounting to N123 million. The case was brought before Justice Kareem Adedokun at the Oyo State High Court in Ibadan.
The charges stem from a complaint made by Oluwarotimi John, who accused Sundai of engaging in fraudulent business transactions. According to the EFCC, in April 2024, Sundai approached John with a proposal to supply motorcycles, claiming to have an exclusive dealership arrangement with a major distributor in Lagos for Northern Nigeria.
Sundai reportedly received N123,050,000 into his company's account, Yemsund Enterprises, based on this agreement. However, the EFCC alleges that Sundai neither delivered the motorcycles nor refunded the money, leading to the charges against him under Section 390 of the Criminal Code Law of Oyo State 2000.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Lagos Court Sentences Man to 30 Years for Fraud
Man Faces Court for ₦1.1 Million Fraud in Ado Ekiti
Three Suspects Arraigned for N11.4m Fraud in Lagos
EFCC Appeals Acquittal of Omatsuli in ₦3.6 Billion Fraud
EFCC Arraigns Andrew Odekina for N9.9m Fraud in Ikeja
Lagos Businessman Sentenced to 30 Years for Fraud
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
