Categories: CRIME

Sarumi Samusudeen Babafemi Alongside 606 Autos, Music Splash Off Entertainment Limited Arraigned For Alleged N206 Million Fraud

Sarumi Samusudeen Babafemi Alongside 606 Autos

OpenLife Nigeria reports that the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, on Tuesday, January 20, 2026, arraigned one Sarumi Samusudeen Babafemi for an alleged N206,000,000 (Two Hundred and Six Million Naira) fraud before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos.

Babafemi alongside his companies, 606 Autos Limited, 606 Music Limited, and Splash Off Entertainment Limited, were arraigned on a five-count charge bordering on conspiracy, concealment, and transfer of proceeds of crime to the tune of N206,000,000 (Two Hundred and Six Million Naira), contrary to Section 332(1) of the Criminal Law of Lagos State, 2011, and punishable under Section 332(3) of the same law.

Count one reads:
“That you, Sarumi Samusideen Babafemi, while being the Managing Director and Chief Executive Officer of 606 Autors Limited, 606 Music Limited, and Splash Off Entertainment Limited, conspired with Ismail Mustapha (a.k.a Mompha)now at large, Ridwan Momodu Allison (a.k.a Osama)now at large and Richard Ugbah sometime between 2013 and 2018 in Lagos, within the jurisdiction of this Honourable Court, used your companies to conceal the origin of funds and thereafter transferred the sum of N37,600,000.00( Thirty Seven Million, Six Hundred Thousand Naira) to one Omojadesola Shittu Allison, which you knew or reasonably ought to have known that such fund forms part of the proceeds of an unlawful act.”

Count two reads:
“That you, SARUMI SAMUSIDEEN BABAFEMI, while being the Managing Director and Chief Executive Officer of 606 Autos Limited, 606 Music Limited and Splash Off Entertainment Limited, sometime between 2015 and 2018 in Lagos, within the jurisdiction of this Honourable Court, used your company’s accounts to conceal the origin of funds and thereafter transferred the sum of N93,000 000.00 (Ninety three Million Naira) to one Olanrewaju Ibrahim Oriyomi, which you knew or reasonably ought to have known that such fund forms part of an unlawful act.”

The defendant pleaded “not guilty” to the charges preferred against him when they were read to him

In view of the defendant’s “not guilty” “plea, prosecution counsel, Ayanfe Ogunsina, asked the court to fix a date for the commencement of trial and also prayed that the defendant be remanded at a Correctional centre.

However, defence counsel, Kunle Adegoke, SAN, informed the court that he had only received the charge the previous day and had worked overnight to prepare an application for bail, which was already in process.

He, therefore, urged the court to release the defendant to him, assuring the court that he would produce him on the next adjourned date.

Justice Oshodi granted the application and ordered that the defendant be released to his counsel upon the filing of an affidavit of undertaking to produce him in court on the next adjourned date.

The matter was adjourned till March 24, 2026, for the commencement of trial.

 

Share This
Openlife Reporter

Recent Posts

Recently Sacked Nigerian Minister Over Certificate Irregularities Cleared To Become Enugu Governor

INEC has cleared former Minister of Innovation, Science and Technology Geoffrey Nnaji, who was sacked…

6 hours ago

Pope Leo XIV To Undergo Surgery

Pope Leo XIV, 71, has announced he will undergo surgery early next week to remove…

8 hours ago

Gboyega Adejumo Lambasts Ndigbo Over Inconsistencies in Thoughts, Restructuring

South-West leader Mogaji Gboyega Adejumo has lambasted Igbo Leaders of Thought over its rejection of…

9 hours ago

Unbelievable! 83-Year-Old Convicted Grandma Arrested With Colos, Meth Shipments

NDLEA has re-arrested 83-year-old Uloma Uchechi Sunday in Abia with meth and Colorado barely a…

10 hours ago

NDC To Inaugurate Campaign Council October 20, Plans Training For Agents

Nigeria Democratic Congress has fixed October 20, 2026 for inauguration of its Presidential Campaign Council,…

17 hours ago

It Is Not True That Magistrate Court Ordered Araraume’s Arrest- Imo First Group

It Is Not True That Magistrate Court Ordered Araraume’s Arrest- Imo First Group

19 hours ago

This website uses cookies.