Odusanya Ajibola, Investment Banker At Alpha Morgan Capital, Faces Trial Over Alleged Fraud

Odusanya Ajibola

 

OpenLife Nigeria reports that an investment banker at Alpha Morgan Capital,Lagos,Odusanya Ajibola alleged to have swindled his step Uncle one Rotimi Edu to the tune N138 million has been hauled before a Federal high court in Lagos.

In a petition authored to the Lagos state Commissioner of Police by the law firm of Fountain Court Partners,that formed the basis of the two count amended charge filed against him,it was alleged thus:

That Mr Rotimi Edu was a victim of fraud and obtaining by false pretences between the months of June,2023 and August ,2023,when Ajibola Odusanya ,an investment banker with Alpha Morgan Capital ,Lagos represented to Mr Rotimi Edu falsely that there was property he can and would help him to buy in London.

Following this representation which later turn out be false,Mr Edu at various times from June, to August,2023 parted with sums amounting to N138,800,000 to Ajibola Odusanya who presented forged property transaction document to Mr Edu.

When the fraud was discovered, Ajibola Odusanya offered to refund the money and he issued further forged documents from a supposed UK realtor and a forged TSB cheque to Mr Edu.

He further informed Mr Edu that he had transferred the sum of N5,000,000.00 (Five Million Naira) into his Bank Account but he never did.

At a point in time, Ajibola Odusanya offered to transfer the equivalent of the sum of 97,000,00 Pounds into Mr Edu’s account but he tried to do so with a fake cheque that was unpresentable and now claims that he has some money in Nigeria and would refund the money to Mr.Edu as soon as he arrives the country at 12, Noon on the 20th of November, 2023.

However,it was discovered that Ajibola Odusanya never had the intention of buying any property for Mr Edu but instead used same as a ruse to fraudulently obtain the sum of N138,800,000.00 (One Hundred & Thirty Eight Million Eight Hundred Thousand Naira) from him and has since fraudulently converted the said sums into personal use and has no intention to ever refund the money.

Consequently,the petitioner urged the Lagos state Commissioner of Police to use his good offices to investigate the matter.

The presiding Judge,Justice Chukwujekwu Aneke has adjourned till 23rd of May,2024 for trial to commence.

The two count amended charge as filed before the court by the Police senior Legal officer,Barrister Nosa Uhumwangho, from Lagos State Criminal Investigation Department Yaba Lagos.

COUNT 1

That you Odusanya Ajibola, between the month of June 2023 to August 2023 in Lagos,
within the jurisdiction of the Federal High Court, did conspire with others at large to commit an offence to wit: Advance Fee Fraud to the tune of N138,million and thereby committed an offence punishable
under Section 8(a) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006.

COUNT 2

That you Odusanya Ajibola, on the same date and place, in Lagos, within the juridition of the Federal high court,with intent to defraud did obtain the sum of N138,000,000.00 (One Hundred and Thirty-Eight Million Naira) with the pretence of buying a property in the United Kingdom for your step uncle, one Rotimi Edu,a representation you knew to be false and thereby committed an offence punishable under Section 1 of the Advance Fee Fraud and other Fraud Related Offences Act, 2006.