The Managing Director of Palilar International Limited, Olawale Ibikunle Talabi, 59, has been arraigned before a Lagos Magistrate Court for allegedly obtaining the sum of USD94,000 from the management of Lead Ore and Copper International Trading Company Limited and allegedly converted the money to his use.
Also charged with him for the same alleged offence was Palilar International Limited.
The accused was arrested by the Operatives of the Police Special Fraud Unit, PSFU, at Milverton Road, Ikoyi, Lagos and after investigation by Inspector Afisat Abdulmalik and his team, Talabi was arraigned before an Igbosere Magistrate Court, Lagos on a two-count charge of felony to wit. conspiracy and obtaining money under false pretence.
Prosecuting Counsel, DSP Agwu Chukwu informed the Court in charge No C/81A/2017 that the accused and others still at large…
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