Alleged N2.4bn Fraud: Ogun Speaker, 2 Others Arraigned, Get N400m Bail


The Economic and Financial Crimes Commission (EFCC) has arraigned the Speaker of the Ogun State House of Assembly, Oluomo Olakunle Taiwo, before Justice D.E. Osiagor of the Federal High Court sitting in Ikoyi, Lagos, for an alleged N2.4billion fraud.

EFCC spokesperson, Wilson Uwujaren, said Oluomo was arraigned alongside the Director of Finance in the State House of Assembly, Oladayo Samuel, and the Clerk of the House, Adeyemo Adedeji Taiwo, on 11-count charges bordering on money laundering to the tune of N2.4 billion.

One of the counts reads: “That you, Oluomo Olakunle Taiwo, Oladayo Samuel, Adeyemo Adedeji Taiwo and Adeyanju Nimota Amoke (now at large), sometime in 2019 in Abeokuta, within the jurisdiction of this honourable Court, conspired amongst yourselves to use the total sum of N2,475,000,000,000.00, which sum you reasonably ought to have known forms part of the proceeds of your unlawful activity to wit: stealing from the treasury of Ogun State House of Assembly and you…

Source: Leadership Newspaper