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.