The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned one Christopher Olalegbin on a two-count charge bordering on money laundering to the tune of N22,239,869.79k, Igbere TV reports.

Igbere TV reports that Mr Olalegbin was arraigned alongside his firms, Pentview Luxury Real Estate Management Limited and Gelbin Technology Limited, before Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, for the offence, which is contrary to Section 332(1) of the Criminal Law of Lagos State, 2015.

According to EFCC, the suspect was arrested during a collaborative operation by the commission and America’s Federal Bureau of Investigation (FBI) for his alleged involvement in illegal internet activities.

The defendant also allegedly used his companies to receive and conceal the proceeds of his criminal activities.

One of the counts reads: “That you, Olalegbin Christopher, Olatunji Olalegbin Mary (at large), Pentview Luxury Real Estate Management Limited, Gelbin Technology Limited and others still at large, between 2015 and 2019 in Lagos, within the jurisdiction of this Honourable Court, conspired to collaborate in the concealing and disguising the genuine nature and ownership of the aggregate sum of N22,239,869.79k (Twenty Two Million, Two Hundred and Thirty-nine Thousand, Eight Hundred and Sixty-nine Naira, Seventy-nine Kobo only)being money received and derived from your illegal internet activities.”

The defendant pleaded not guilty to the charge when it was read to him.

In view of his plea, prosecution counsel, MK Bashir, asked the court for a trial date and also prayed the court to remand the defendant in prison custody pending the determination of the case.

However, counsel to the defendant, Abimbola Akeredolu (SAN) informed the court that a bail application had been filed and served on the prosecution.

Akeredolu also told the court the prosecution had responded to the affidavit.

She, therefore, urged the court to grant her client bail in the most liberal terms.

In his response, Bashir told the court that a counter-affidavit had been filed and served on the defence, where he opposed the prayer of the defendant.

The prosecution counsel further described the defendant as a flight risk, adding “The defendant, while making statement in the EFCC office, tried to move money from his Zenith Bank account through his phone and also wiped all the information on his phone.”

Bashir also informed the court that the defendant’s mum, who aided him in perpetrating the crime, could not be found.

“My Lord, the defendant too may also abscond like his mum.

“He is 26 years old and has never worked anywhere. Yet, he acquired a 2019 model Porsche car worth N120million and a 2015 model Mercedes Benz car worth N75million,” Bashir further submitted.

The prosecution counsel, therefore, urged the court not to grant the defendant bail.

Justice Taiwo, after listening to both parties, said “the offence is a

bailable one.”

The judge, therefore, granted the defendant bail in the sum of N5 million, with two sureties in like sum.

One of the sureties must be a level 16 officer with the Lagos State Government, while the other must be a relation of the defendant resident in Lagos.

The judge also directed that the addresses of the sureties must be verified by the EFCC, while evidence of identification of the sureties must be provided to the court.

Justice Taiwo adjourned the case to October 18 and 23 for the commencement of trial and also ordered the defendant to be remanded in Kirikiri prison pending the perfection of his bail conditions.

http://igberetvnews.com/1007644/n22m-scam-efcc-arraigns-suspect-arrested-in-collaboration-with-fbi-photo/

Mr Olalegbin, the internet fraudster. See his Afonjastic head.

He looks conceited.

While granting him 5m bail, that's the end of the case

Ftc at last lala give me one O MPA

If mugu fall, man wak.....


...our problems and criminals are on suit nd agbada...

When will Efcc arraign the corrupt politicians looting the treasury with bullion vans...


When will Efcc start fishing out the big fishes

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Davash222:
Mr Olalegbin, the internet fraudster. See his Afonjastic head.

But who be their oga

Some people's role model.

He has never worked anywhere yet he's living large.

God punish poverty.

Afojorunjo

Crime no dey pay

Prison go full... They can never ever stop fraud... Leadership by example.. Politicians should stop fraud first before asking youths to stop theirs

Crime everywhere, all this one na them be the real G-Men, Taking real estate Dey do cover up.

mrjaydee:


But who be their oga

Invictus ..

They should have arraigned him abroad, i Dont trust our Justice system here


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mrjaydee:


But who be their oga

Ore mi na Afonja o

Tribal war in 3, 2, 1...

Davash222:
Mr Olalegbin, the internet fraudster. See his Afonjastic head.

t?

"He is 26 years old and has never worked anywhere. Yet, he acquired a 2019 model Porsche car worth N120million and a 2015 model Mercedes Benz car worth N75million,” Bashir further submitted."

This right here caught my attention! can EFCC investigate all public office holders who have never worked once in their life, but have specialty in stealing and looting public money to fund their luxury lifestyle which they display without any dignity.

This is buhari's fault

wealth depends on how you define am jare.

WNRblog:
The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned one Christopher Olalegbin on a two-count charge bordering on money laundering to the tune of N22,239,869.79k,

Bashir also informed the court that the defendant’s mum, who aided him in perpetrating the crime, could not be found.

“My Lord, the defendant too may also abscond like his mum.

“He is 26 years old and has never worked anywhere. Yet, he acquired a 2019 model Porsche car worth N120million and a 2015 model Mercedes Benz car worth N75million,”

His Mum?!!!!

Mama too dey do 419 with pikin?
Which kind 21st Century mother be dat?!!
Hope papa no join?

Every thing get price

It's a question of whether you can meet up with the price

yhthikingb:
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A 29-year Nigerian, Mr. Kingsly, has been caught With SA Lady and her Video taken, after she allegedly s*xually molested in her Father’s Toilet in Cape Town


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Thanks.

Nice one

GavelSlam:
He looks conceited.

He does. U can discern

National beans is coming your way .
EFCC-countenance watagwan?
FBI- not remorseful,na better agbero.