How Gbenga Olaniyan Allegedly Defrauded Over 2,000 Nigerians Of N135M- EFCC
Oyo state businessman, Gbenga Olaniyan has allegedly defrauded over 2,000 investors of a total of N135M, a witness of the Economic and Financial Crimes Commission EFCC told a Federal High Court in Ibadan, Oyo state.
According to NigerianTribune, Olaniyan, the Chief Executive Officer (CEO) of Detorrid Heritage Investment Nigeria Limited (DHIL), who introduced a product known as Crime Alert Security Network, is charged with N135 million fraud.
Head of Counter-Terrorism and General Investigation Department, EFCC Ibadan Zonal office, Juliet Odogu made the allegation while testifying before Justice Uche Agomoh.
She explained that EFCC received over 2,000 petitions from Nigerians that Olaniyan defrauded them of their hard-earned money after refusing to fulfil his obligation of repaying their dividends.
The witness said that investors paid between N5,000 and N9 million depending on their subscriptions.
She tendered the documents containing the names, amount paid and receipts of each customer that petitioned the agency before the court.
Defence counsel, Mr Richard Ogunwole, had earlier opposed the tendering of some documents by the EFCC.
Ogunwole contended that the documents were not admissible by the court because they were mere photocopies and not certified true copies.
However, the judge overruled the objection and admitted the documents as exhibits against the defendant.
Agomoh subsequently adjourned the matter till March 1, March 2 and March 3 for the continuation of trial.