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Fraud kingpin Ajudua's trial starts

11 February 2014, 12:13

Lagos - A Lagos High Court sitting in Ikeja has commenced the hearing in the trial of alleged serial fraud kingpin, Fred Ajudua.

The Economic and Financial Crimes Commission (EFCC) accuses Ajudua of defrauding former Chief of Army Staff, Lt.-Gen. Ishaya Bamaiyi of more than $8 million.

In the case before Justice Justice Oluwatoyin Ipaye, the EFCC alleged that Ajudua, along with others still at large defrauded General Bamaiyi of $8.387m between November 2004 and June 2005.

Ajudua is the only defendant in the charges as others who allegedly committed the offences along with him are said to be at large.

Other suspects who were said to be on the run are Alumile Adedeji (alias Ade Bendel) one Kenneth and Princess Hamabon William.

Ajudua, along with other suspects, were said to have defrauded Bamaiyi at the Kirikiri Maximum Prisons, where he and the other fraud suspects were remanded for various crimes.

EFCC claimed that the suspects had fraudulently collected the money from Bamaiyi in parts, falsely claiming that the payments represented the professional fees charged by Afe Babalola (SAN) to handle Bamaiyi’s case in court and to facilitate his release from prison.

The anti-graft agency also alleged that Ajudua and others fraudulently claimed that $1m out of the total money collected from Bamaiyi was for financial assistance for the treatment of Justice Olubunmi Oyewole’s father.

Justice Oyewole was then presiding over Bamaiyi’s case in court.

The suspects were said to have claimed to Bamaiyi that Oyewole’s father was admitted at Saint Nicholas in Lagos and the $1m was meant to assist the judge in treating his father.

About 10 witnesses, including General Bamaiyi and prison officials are expected to give evidence in the matter.

Ajudua is also standing trial in another court for allegedly defrauding two Dutch businessmen, Remy Cina and Pierre Vijgen, of US$1.69 million. The matter has been in court since 2003.

– CAJ News

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