EFCC arraigns man for alleged $5m, N800m investment scam

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The Economic and Financial Crimes Commission, EFCC, has arraigned Sennaike Opeoluwa before the Lagos State High Court sitting in Ikeja on a six-count

Opeoluwa was arraigned alongside his firm, Sennaike Consulting Limited, before Justice O.A. Okunuga for allegedly fraudulently obtaining sums of $5 million and N800 million from unsuspecting members of the public.Against this background, the prosecution counsel, Ahmed Yerima, asked the court for a trial date and the remand of the defendant.

The defence counsel, Akeem Akinroye, however, made an application for bail for his client, arguing that “he doesn’t constitute a flight risk.”The defendant was ordered to be remanded at the correctional centre, pending when a formal bail application would be brought before the court.

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