₦airaland Forum

Kemi Olunloyo's brother, Akinkunle Olunloyo, son of former governor old Oyo State, Dr Victor Olunloyo, was on Monday brought before an Igbosere Magistrates’ Court, Lagos, for allegedly defrauding a financial institution to the tune of N40 million.

40 year old Akinkunle Olunloyo, a former night club owner, was charged alongside his entertainment firm, Code Media Ltd, by the Police Special Fraud Unit (PSFU), Lagos.
They are standing trial on a two-count charge of conspiracy and fraud.

Police Prosecutor Sylvester Azubuike told the court that Olunloyo and others still at large, committed the offences sometime in November 2014 in Lagos. He said the accused fraudulently obtained N40 million under guise of using it to renovate his company’s entertainment premises and hall.

According to the police, Olunloyo did not pay back the money, instead, he converted it to his own use.

The offences contravened Sections 312(1), (b), 312 (3) and 409 of the Criminal Law of Lagos State, 2011.

Akinkunle Olunloyo pleaded not guilty and his lawyer, Mr Seyi Soremekun, urged the court to grant him on self-recognition or on liberal terms.

Soremekun said:

“We were served with the charge this morning. The defendant has been attending meetings at the PSFU whenever required.”

In her ruling, Magistrate O. O. Oshin observed that the accused was already standing trial on another charge before her. She granted the accused a bail of N500, 000 with one surety in the like sum and adjourned the case until June 5.

https://lailasnews.com/kemi-olunloyos-brother-arrested-for-n40m-fraud/

lalasticlala

Aunty kemi we need your voice here

everybody iz into fraud business... e b lik say na dt business pay pass. afta sometime now we no go hear abt d moni

Ok

Honestly I'm not in agreement to whatever buhari signed ooo



I hope the STUPID MAN disappoints me by understanding what he signed

Which kain children be these ones?

Disgracing their parents

It runs in the blood

His 40yrs n he stole 40 million... Oh mehn thing rhyme no be small

That's what they all do
Collect money from financial institutions and do nothing with it and most times it's written off from the books of the banks while the hardworking people don't get one.

She will not talk now

Only God knows what their parents would be going through now

Completely dysfunctional family, probably...

The truth is that no family will mismanage Nigeria and go Scot freee

Awon Omo alaileko adojutini gbogbo. Akukubi San ju awon wonyi o.

40m Too small. Pple like adenuga,otedola and bruce do billions and nothing go happen

Chai bad market, format don cast. Everyday is for the thief, just one single day is for the owner. He needs to go cool of in Kirikiri prison asap

oshe11:
Honestly I'm not in agreement to whatever buhari signed ooo



I hope the STUPID MAN disappoints me by understanding what he signed

lolzzz.d way dis pikin d lick that mango get as e b

kennosklint:
lolzzz.d way dis pikin d lick that mango get as e b

Lol

Na pepper them gang

What is wrong with Olunloyo children, they are always in the News for a bad reason.

This is serious.

The only thriving industry in Nigeria at the moment is Criminal industry.



Henceforth, only criminals can survive in the shiithole. Its either eat or be eaten

FlirtyKaren:
Kemi Olunloyo's brother, Akinkunle Olunloyo, son of former governor old Oyo State, Dr Victor Olunloyo, was on Monday brought before an Igbosere Magistrates’ Court, Lagos, for allegedly defrauding a financial institution to the tune of N40 million.


https://lailasnews.com/kemi-olunloyos-brother-arrested-for-n40m-fraud/

lalasticlala

Their father self needs to be probe!

Yam eaters

Please what is bail on self recognition?

see as bros dey sweat.

That's speaks volume about the kind of upbringing their rich ex-governor of Oyo State and the entire family gave them while growing up.

Few years to come, majority of these out useless politicians will start reaping what they sow when their children start soiling their names

DWJOBScom:
That's what they all do
Collect money from financial institutions and do nothing with it and most times it's written off from the books of the banks while the hardworking people don't get one.

ben bruce has bn doing dat tey tey

That lady wey dey bash Nnamdi Kanu & Biafrans. You see! Nemesis don dey catch them, from her & now her brother. God forgive them cos they know not what they were doing.
Pls no hating, a biafran is always "an advocate" for em people wherever the case may be.
Check my signature.

SirBunky85:
ben bruce has bn doing dat tey tey

That's the problem with Naija
We lack proper regulation and even the regulatory institutions are overworked my brother.

FOR the positives - Ben created jobs and aleast the regulatory authorities have something to seize and still keep running thereby keep the jobs of Nigerians

it's a sick one