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Olumide Aderinokun And Partner Unable To Meet Bail Conditions +3rd Accused In Fraud Case Has Been Arrested.

December 27, 2017

Olumide Aderinokun and Niyi Balogun are still in Kirikiri because they have not been able to meet their bail conditions and insiders say they are likely to remain there until the next adjourned date of February 21 2018.

The bail conditions are

1. Two sureties. One of the sureties must be a civil servant with the state civil service of a grade not less than 16 and must get the approval of the head of service to stand as a surety.

2. N10.0 Million bail each for the sureties which will be forfeited should in case the accused persons abscond.

3. The accused persons must deposit their international passports with the court.

4. The official and residential addresses of the sureties to be verified by the prosecutor.

Also One Mr Kayode Idowu,the third alleged fraudster involved in the fraud of Lekki Phase 1 land has been arrested. He is the partner of Olumide Aderinokun and Niyi Balogun who were earlier charged. He was charged to court today at Court 2 Igbosere Magistrate Court. 

 He was the one said to be at large when the other two were charged on December 20 2017…..

The Lagos State Government last week (A week ago) arraigned brother of late founder of Guaranty Trust Bank (GTB) and property developer, David Olumide Aderinokun and a staff of the New Town Development Authority (NTDA), Balogun Adeniyi Abdul-Wakil before an Igbosere Magistrate Court over alleged conspiracy, forgery, stealing and property fraud on parcels of land in Lekki Peninsula estimated at 2678.068 square metres.

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