J. K. Randle, ex-ICAN president, in prison custody - Over N300m fraud
Oladipo Adelowo, Lagos
Friday, January 18, 2008

FORMER President, Institute of Chartered Accountants of Nigeria (ICAN), Chief J.K. Randle, was on Thursday remanded in Ikoyi Prisons by an Igboshere/Tapa Magistrates Court.

Chief Randle was arraigned at the court over allegation of N300 million fraud against one Kayode Sunmola, his business associate at J.K. Randle and Co., a firm of chartered accountants.



A five-count charge was preferred against the former ICAN president. He pleaded not guilty to all the charges. The case, which was investigated by the Police Special Fraud Unit, was heard by Chief Magistrate Paul A. Ojo.



The first count read, “that you, J.K. Randle International Limited,; Bashorun J.K Randle and Folashade Abimbola, on or about the 5th day of May 2006 at Lagos in the Lagos Magisterial district, did conspire amongst yourselves to commit felony to wit: false statement and officials of companies, forgery, altering and stealing and you have thereby committed an offence punishable under section 516 of the Criminal Code Cap 17, vol 11 law of Lagos State of Nigeria 2003.



The second count stated that Randle and his wife on same date, month and year did forge a document entitled “letter of appointment” which was addressed to the Executive Chairman, Lagos State Board of Internal Revenue with intent that it might be acted upon as genuine, to the prejudice of the complainant Mr. Kayode Sunmola and thereby committed an offence punishable under section 467 of the criminal Code Cap. 17, vol 11, laws of Lagos State 2003.



According to count three, the accused also fraudulently altered one document entitled “letter of appointment” on the same date, month and year (May 5, 2006) to the state’s executive chairman, board of companies, with an intent that it might be acted upon as genuine to the prejudice of Kayode Sunmola and J. K. Randle and Company and you thereby committed an offence punishable under section 468 of the Criminal Code Cap C17, Vol. 11, Laws of Lagos State of Nigeria 2003.


Count 4, “That you, Bashroun J.K. Randle ‘M’ and Folashade Abimbola .F. on or about the 5th day of May 2006 at Lagos, in the Lagos Magisterial District, as officials of J. K Randle & Company Limited, with intent to defraud Kayode Sunmola, one of the Directors in J. K. Randle & Co. made a written statement contained in a document entitled “Letter of Appointment” to the Executive Chairman, Lagos State Board of Internal Revenue, knowing same to be false and thereby committed an offence punishable under section 436 (a) of the Criminal Code Cap. C17, Vol 11, Laws of Lagos State of Nigeria 2003.



Count 5: “That you, Bashorun J. K. Randle ‘M’ and Folashade Abimbola .’F’. on or about the 5th day of May 2006, at Lagos, in the Lagos Magisterial District , did steal the sum of N300 million( Three Hundred Million Naira) property of one Kayode Sunmola and J.K Randle and Company and thereby committed an offence punishable under section 390 (7) (9) of the criminal Code Cap. C17,; Vol.’ 11, Laws of Lagos State of Nigeria 2003.



The accused pleaded not guilty to all the charges, as did his wife and J. K. Randle International. His counsel, Mr. Tony Amokeodo, described the offences for which his client was charged as bailable and a mere business disagreement between the couple and the complainant, and asked the court to grant him bail on self recognisance.



But the Magistrate, Mr. Ojo, admitted him to bail in the sum of N100,000 and a surety who must be a civil servant on at least Level 13 and adjourned the case till February 6.



However, Randle could not meet the bail conditions as at 5.30 p.m. on Thursday and was ordered to be remanded at Ikoyi Prisons, Lagos.


http://odili.net/news/source/2008/jan/18/600.html

Who then can be trusted in Nigeria??

Me

really

the man is showing his skills, how else will u know he is the best accountant

But he not soo good at it.

He was caught!

Kayode,

He is up to his tricks. He once said to me that he was going to be rich in Nigeria. That sneaky devil. Kay you make me laugh.

This is how you guys mix apples with oranges, angels with devils.

A former employee he fired for fraud came back and reported him to the police for defrauding his own company J.K Randle & Co. and the same former employee he fired for fraud. How can a former fired employee report his boss for fraud?

Nigeria, wonder shall never finish o!

jara:

This is how you guys mix apples with oranges, angels with devils.

A former employee he fired for fraud came back and reported him to the police for defrauding his own company J.K Randle & Co. and the same former employee he fired for fraud. How can a former fired employee report his boss for fraud?

Nigeria, wonder shall never finish o!

Are you insinuating that its impossible for a fraudstar to report a fraudstar or that it was cool for randle to rob his own company?

Corporate men turn robbers. This type of thing is becoming rampant in our society. Remember the Akintola williams cum Bunmi oni saga?

We already have a few cases of boiboi reporting their masters after being fired for theft for robbing him. All you create for the police is a field day where bribes are taken from left and right. This same guy was being investigated by the same police after stealing millioms from his boss. He now turns around, made wild allegation against his boss. If his boss wanted to raid his own company, he could have liquidated it himself and walk.

After Adenike Grange, can anyone tell the difference between a crook and an unwilling participant?

[/quote][quote author=nuzo link=topic=106711.msg3800991#msg3800991 date=1241043572]
Are you insinuating that its impossible for a fraudstar to report a fraudstar or that it was cool for randle to rob his own company?

Randle  is just the majority shareholder in the company. He does NOT own that company 100 %.

Please tell us who the minority holders are and their share %.

[/quote][quote author=deor03 link=topic=106711.msg3804083#msg3804083 date=1241101377]
Randle is just the majority shareholder in the company. He does NOT own that company 100 %.

pls do any body know the recruiting office of j.k. randle?