The Economic and Financial Crimes Commission (EFCC) has arraigned a man identified as Adewale Aladejana, the managing director (MD) of Sapphire Scents Limited, over alleged N12 million fraud. Wilson Uwujaren, EFCC’s spokesperson, announced Jana’s case in a statement on Friday.
Adewale, who is the Managing Director of Sapphire Scents Limited, was arraigned on Tuesday, October 4, before Justice M. A Madugu of the Federal High Court sitting in Bwari, Abuja on three-count charges bordering on misappropriation and obtaining under false pretence.
EFCC in a statement on Friday said: “Specifically, he allegedly collected the sum of N12 million from potential investors in his company, with a promise of turnover in six months, without offering any profit or returning the invested funds to his investors.
Count one read, “That you Adewale Aladejana being the managing director of Saphire Scents Limited and you Saphire Scents Limited in Abuja within the jurisdiction of this honorable court on or about the 16th day of September 2019 being entrusted with the sum of Four Million Naira ( N4,000.000) by one Anaetoh Obianuju for investment in Saphire Scents Limited dishonestly misappropriated same and thereby committed an offence contrary to Section 311 of the Penal Code Act, Cap 532 LFN (Abuja ) 1990 and punishable under Section 312 of the same Act.
Adewale pleaded not guilty to all the charges when they were read to him.
The case was, however, adjourned till November 21 and 22.”
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