N135m fraud: Businessman defrauded over 2,000 Nigerians, EFCC witness tells court

An EFCC witness told a Federal High Court in Ibadan that a businessman, lGbenga Olaniyan, defrauded over 2,000 investors.

Olaniyan, the Chief Executive Officer (CEO) of Detorrid Heritage Investment Nigeria Limited (DHIL), who introduced a product known as Crime Alert Security Network, is charged with N135 million fraud.

Mrs Juliet Odogu, Head of Counter-Terrorism and General Investigation Department, EFCC Ibadan Zonal office made the allegation while testifying before Justice Uche Agomoh.

She explained that EFCC received over 2,000 petitions from Nigerians that Olaniyan defrauded them of their hard earned monies after refusing to fulfill his obligation of repaying their dividends.

The witness said that investors paid between N5,000 and nine million Naira depending on their subscriptions .

She tendered the documents containing the names, amount paid and receipts of each customers that petitioned the agency before the court.

The Defence Counsel, Mr Richard Ogunwole, SAN, had earlier opposed the tendering of some documents by the EFCC.

Ogunwole contended that the documents were not admissible by the court because they were mere photocopies and not certified true copies.

However, the judge overruled the objection and admitted the documents as exhibits against the defendant.

Agomoh subsequently adjourned the matter until March 1, March 2 and March 3 for continuation of trial.