Police arraign man for allegedly converting company’s N10m to personal use
Ado-Ekiti Man Faces Fraud Charges in Court
Ado-Ekiti—Ojo Samuel, a 39-year-old man, appeared in Chief Magistrates’ Court on Wednesday to face charges related to an alleged fraud amounting to 10 million naira.
Samuel, whose address is listed as unknown, is being tried on a single count of fraud. According to the prosecution, led by Assistant Superintendent of Police Akinwale Oriyomi, the alleged offense took place between May 23, 2025, and January 2026 in Ado-Ekiti.
Oriyomi claims that Samuel, an employee of COZY Lounge, is accused of improperly converting 10 million naira intended for the establishment into personal use by failing to deposit the funds into the lounge’s account, registered under the name of Mr. Michael Adesina. The prosecutor noted that this act allegedly violates Section 295 and is punishable under Section 302(6) of the Criminal Law of Ekiti State, 2021.
During the proceedings, Oriyomi requested an adjournment to allow time for case file review and to secure witness testimony. Samuel pleaded not guilty to the charges.
Defense attorney Mr. Femi Olarewaju requested bail for his client and assured the court that Samuel would comply with any conditions set.
Chief Magistrate Mr. Abayomi Adeosun granted bail at 200,000 naira, requiring two sureties of equal value. The case is scheduled to resume on March 16 for further hearing.
