Ogun Contractor Defrauds Amen Estate Home Owner N332m

OpenLife Nigeria reports that an Ogun State contractor, Alhaji Rasaki Shotunde has allegedly defrauded an Amen Estate Home owner in the sum of N332 million.
Alhaji Rasaki Shotunde is chairman of Rasatech Engineering company.

According to the story, the process of defrauding Folashade Balogun,owner of Red rocks Home international Limited in Amen Estate Phase 2, Eleko Beach,Lagos State, began under the pretence of Alhaji Shotunde’s Rasatech Engineering company installing a dedicated 7.5MVA33/11 feeder from Ajah TCN/EKEDC injection station to power the Estate in which case the sum of N332 million was paid into his account.

The matter which is before Honourable Justice Peter Lifu of the federal high court, Lagos has been adjourned till 15th of March 2023 for further hearing.

When the case was mentioned last week, the defendants were not present in court.

In a nine-count charge filed before the court by the Nigeria Police prosecuting counsel, Barrister M.A. Animashaun from the Legal-Prosecution section,Force Criminal investigation, Department Alagbon Ikoyi,Lagos, it was alleged that Alhaji Rasaki Shotunde and Rasatech Engineering Company Limited sometimes between 27th September,2021 and 6th July,2022, within the jurisdiction of the Honourable Court with intent to defraud obtained payment in the sum of N332 million paid into his account by Folashade Balogun,owner of Red rocks Home international Limited Amen Estate Phase 2 Eleko Beach,Lagos State under the pretence of installing a dedicated feeder to power the Estate.

He has thereby committed an offence contrary to section 1(b) of the advance Fee Frauds and other related OffencesAct2006(as amended) and punishable under Section 1 (3 ) of same Advance Fee Frauds and Other Frauds Related Offences Act 2006 ( as amended).
It was further alleged that the defendants fraudulently converted the monies obtained by pretence.