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Alleged N150M Fraud: Suspect Loses Bail Bid In Appeal Court

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The Court of Appeal, Lagos Division, has dismissed an application filed by a suspected fraudster, Nelson Emuobosa Omo-Ode, challenging the ruling of the Special Offences Court, Ikeja, Lagos, which denied him bail.

Omo-Ode, a 34-year-old Business Administration graduate of the Kuala Lumpur Metropolitan College, Malaysia, was arrested on July 18, 2019 at his residence at the Address Homes, Onikani Foreshore Banana Island, Ikoyi, Lagos, following a petition received by the Commission about his suspicious lifestyle.

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Spokesperson for the EFCC, Wilson Uwujaren, said investigations showed that over N150million had passed through his account in recent time, which he could not account for.

He was subsequently arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a three-count charge bordering retention of proceeds of criminal conduct to the tune of N150million, but pleaded not guilty to the charges preferred against him, thereby leading to his trial.

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During the trial, the prosecution counsel, S.O. Daji, presented four witnesses before closing his case against the defendant whose application for bail was refused by the court.

Dissatisfied with the decision of the Court, the defendant, through his counsel, Kolawole Salami, appealed against the ruling.

In the judgment delivered via zoom on Tuesday, May 4, 2021, the Appellate Court dismissed the defendant’s appeal as lacking in merit and adjourned till May 19, 2021 for the adoption of final written addresses.

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