• Latest
  • Trending
  • All
EFCC

$1.6 Fraud: RCCG Popular Pastor Arraigned by EFCC

September 24, 2020
NCC and CBN's Newly Signed MoU to Boost Consumer Safety Against Fraud

NCC and CBN’s Newly Signed MoU to Boost Consumer Safety Against Fraud

April 22, 2026
Unity Bank, Experts Push for Green Investment, Climate Innovation

Unity Bank, Experts Push for Green Investment, Climate Innovation

April 22, 2026
Wema Bank Meets CBN Recapitalisation Target, Retains National Licence

Hitting CBN Target,  Retaining License Reflect Wema Bank’s Strategic Focus – CEO

April 22, 2026
Lagos CP Visits Military Formations, Reaffirms Security Cooperation

Lagos CP Visits Military Formations, Reaffirms Security Cooperation 

April 22, 2026
Nigeria Customs Deepens Global Security Ties at DSA 2026 in Kuala Lumpur

Nigeria Customs Deepens Global Security Ties at DSA 2026 in Kuala Lumpur

April 22, 2026
EFCC Moves Against Providus Bank Over Alleged N270m ‘Midnight Withdrawal’ 

EFCC Moves Against Providus Bank Over Alleged N270m ‘Midnight Withdrawal’ 

April 22, 2026
How GTCO Food and Drink Festival Is Powering SME Expansion — Ayoola, Teeriel Foods The 2025 GTCO Food and drinks

GTCO Food and Drink Festival Returns for 9th Edition, Highlights Foods, Enterprise

April 22, 2026
What Nigerians Should Expect As Hormuz Reopening Triggers Oil Prices Drop

FEATURE! What Nigerians Should Expect As Hormuz Reopening Triggers Oil Prices Drop

April 18, 2026
Lagos NSCDC Busts ‘Baby Factory’ in Badagry, Rescues 28 Victims

Lagos NSCDC Busts ‘Baby Factory’ in Badagry, Rescues 28 Victims

April 18, 2026
CGC Adeniyi Receives NIJ Fellowship, Pledges Multimedia Centre to Boost Training Capacity 

CGC Adeniyi Receives NIJ Fellowship, Pledges Multimedia Centre to Boost Training Capacity 

April 17, 2026
FirstBank Partners Ekiti on SMEs, Innovation Enterprise Fund, Reserves 40% for Female

FirstBank Partners Ekiti on SMEs, Innovation Enterprise Fund, Reserves 40% for Female

April 17, 2026
Ecobank Adire Lagos Experience Returns in June

Ecobank Adire Lagos Experience to Return in June, Targets Pan‑African Cultural Exchange

April 17, 2026
Guinness Nigeria Holds 75th AGM Amidst Shareholders Nod

Guinness Nigeria Holds 75th AGM Amidst Shareholders Nod

April 17, 2026
World Malaria Day 2026: Why Nigeria Must Embrace Rapid Testing

World Malaria Day 2026: Why Nigeria Must Embrace Rapid Testing

April 17, 2026
Fidelity Bank Supports Inmates Welfare With Donations to Enugu Custodial Centre

Fidelity Bank Supports Inmates Welfare With Donations to Enugu Custodial Centre

April 17, 2026
OICL, Elektron Partner on 50MW Power Project

OICL, Elektron Partner on 50MW Power Project to Boost Lagos Industrial Output

April 16, 2026
Thursday, April 23, 2026
  • Login
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
No Result
View All Result
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
Home Crime/General

$1.6 Fraud: RCCG Popular Pastor Arraigned by EFCC

by TheConscience NG
September 24, 2020
in Crime/General, Featured
0
EFCC
Share on FacebookShare on Twitter
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share

EFCC arraigned redeemed Pastor Oluokun of Peak petroleum for fraud

 

The trial of an RCCG Assistant Pastor, Ayodeji Ibrahim Oluokun continued on Wednesday September 23 at the Ikeja Special Offences Court, Lagos.

Oluokun who is said to be an Assistant Pastor of Redeemed Christian Church of God (RCCG), City of David Parish, Victoria Island, Lagos, was dragged before the court on alleged issuance of dud cheques worth $1.6 million by the Economic and Financial Crimes Commission (EFCC), TheConscience reports.

Oluokun who is also an oil marketer was charged before Justice Oluwatoyin Taiwo led-court alongside his oil firm, Peak Petroleum Industry Nigeria Limited.

The defendant and his company were first arraigned before the court on January 21, 2019, on two counts charge of the offence. The charge was later reviewed to five count charges on July 30, this year upon additional facts which emerge as a result of Investigation.

READ MORE:  EFCC Warns Nigerians as CBEX Reportedly Defrauds Investors of N1.3tn

EFCC arraigned redeemed Pastor Oluokun of Peak petroleum for fraud

EFCC has so far called three witnesses, the complainant, the company secretary and a staff of Standard Chartered Bank Nigeria Limited to prove the allegations against the defendant

EFCC in a charge marked ID/8509c/19, alleged that the defendant and his company, sometimes in 2014, approached the management of GOSL Nigeria Limited, for a loan of $1 million and $666,666 respectively to enable him carry out operation activities in his company’s oil field in Bayelsa State.

Pastor Oluokun was said to have assured the company which is the complainant in the charge against him, that he would repay the money within a year.

EFCC arraigned redeemed Pastor Oluokun of Peak petroleum for fraud

Following the defendant’s failure to repay the loan as promised, he was alleged to have issued two post-dated Standard Chartered Bank Nigeria Limited cheques dated June 26, 2014 for the sum of $1 million and $666,666 respectively.

Read More: Alleged N200m Fraud: How Director Used Access Bank Online Platform

READ MORE:  Davido Celebrates Cubana Chiefpriests' Realease From EFCC Custody

The EFCC stated that upon presentation of the cheques to the bank for withdrawal by the complainant for withdrawal on several occasions, they were returned due to insufficient funds.

The offence according to the prosecution is contrary to and punishable under Section 1(1) (b) of the Dishonoured Cheques (Offences) Act, Cap D 11 Laws of the Federation of Nigeria, 2004.

The Pastor had, however, pleaded not guilty to the charges and accordingly admitted to bail in some terms and conditions.

Read More: Access Bank to Pay N5M for Breaching Customers Right

the charges read: “That you, Ayodeji Ibrahim Oluokun and Peak Petroleum Industry Nigeria Limited, on or about 26th June, 2014, at Lagos within the Ikeja Judicial Division issued a Standard Chartered Bank Nigeria Limited Cheque dated 26th June, 2014 for the sum of $1,000,000 (One Million Dollars) only payable to GOSL Nigeria Limited, which when presented for payment was dishonoured on the grounds that no sufficient funds were standing to the credit of the account on which cheque was drawn.”

READ MORE:  Appeal Court Okays EFCC’s Interim Forfeiture Order On 14 Properties Linked To Yahaya Bello

Dud cheque issuance: Pastor’s trial resumes December 10

The second count reads: “That you, Ayodeji Ibrahim Oluokun and Peak Petroleum Industry Nigeria Limited, on or about 26th June, 2014, at Lagos within the Ikeja Judicial Division issued a Standard Chartered Bank Nigeria Limited Cheque dated 26th June, 2014 for the sum $666,666 (Six Hundred and Sixty-Six Thousand, Six Hundred and Sixty-Six Dollars only) payable to GOSL Nigeria Limited which when presented for payment was dishonoured on the grounds that no sufficient funds were standing to the credit of the account on which cheque was drawn.”

 

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: EFCCOluokunPastorPeak petroleumRCCG
ShareTweet
Previous Post

Group Raises Alarm over Plot to Disrupt Saro-Wiwa’s Memorial

Next Post

LUXURY HOUSING: Cobble Hill Real Estate Offers (PHOTOS)

TheConscience NG

TheConscience NG

Related Posts

Lagos CP Visits Military Formations, Reaffirms Security Cooperation
News

Lagos CP Visits Military Formations, Reaffirms Security Cooperation 

by TheConscience NG
April 22, 2026
EFCC Moves Against Providus Bank Over Alleged N270m ‘Midnight Withdrawal’ 
Crime/General

EFCC Moves Against Providus Bank Over Alleged N270m ‘Midnight Withdrawal’ 

by TheConscience NG
April 22, 2026
What Nigerians Should Expect As Hormuz Reopening Triggers Oil Prices Drop
News

FEATURE! What Nigerians Should Expect As Hormuz Reopening Triggers Oil Prices Drop

by TheConscience NG
April 18, 2026
Lagos NSCDC Busts ‘Baby Factory’ in Badagry, Rescues 28 Victims
Crime/General

Lagos NSCDC Busts ‘Baby Factory’ in Badagry, Rescues 28 Victims

by TheConscience NG
April 18, 2026
JAMB 2026 CBT: Lagos CP Deploys Police Personnel, Orders Comprehensive Security in Centres
Crime/General

JAMB 2026 CBT: Lagos CP Deploys Police Personnel, Orders Comprehensive Security in Centres

by TheConscience NG
April 16, 2026
JAMB 2026 CBT: Lagos CP Deploys Police Personnel, Orders Comprehensive Security in Centres
Crime/General

Lagos Police Dismiss Cult Clash Report, Reassure Residents on Safety 

by TheConscience NG
April 13, 2026
Next Post
Cobble Hill luxury housing

LUXURY HOUSING: Cobble Hill Real Estate Offers (PHOTOS)

No Result
View All Result

Recent Posts

  • NCC and CBN’s Newly Signed MoU to Boost Consumer Safety Against Fraud
  • Unity Bank, Experts Push for Green Investment, Climate Innovation
  • Hitting CBN Target,  Retaining License Reflect Wema Bank’s Strategic Focus – CEO
  • Lagos CP Visits Military Formations, Reaffirms Security Cooperation 
  • Nigeria Customs Deepens Global Security Ties at DSA 2026 in Kuala Lumpur

Get the latest news on the go!

Enter your email address

© 2025 TheConscience NG

TheConscience NG

  • About
  • Contact Us
  • Privacy-Policy
  • Terms and Conditions
  • TheConscienceNg.com | Breaking & Verified Nigerian News on the go!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
Subject:
Message:
Ajax loader
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech

© 2025 TheConscience NG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share with friends
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
%d