Lagos court remands businessman over alleged investment scam

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Ayodele Toyosi News

EFCC

Justice A.M. Lawal of the Lagos High Court in Ikeja has remanded a middle-aged businessman, Ayodele Toyosi,

at the Ikoyi Correctional Facility for an alleged N600 million and $50,000 investment scam.

The anti-graft commission alleged that the defendant, Toyosi, obtained about N600 million and $50,000 from different people on a false representation that the money was meant for an interest-yielding investment in an agricultural export at an interest rate of 21 per cent return on investment for six months. The money, however, was expended for his personal use.

Akaogu alleged that the defendant also obtained various amounts in naira from different people, totalling about N600 million. at the Ikoyi Correctional Facility for an alleged N600 million and $50,000 investment scam. * Entrepreneur trains female fashion designers on adire, batik designs An entrepreneur, Vincent Olukoya, has appealed to government at all levels to establish creative hubs in various parts of the country as part of measures to address the growing rate of unemployment among the youths. According to Olukoya, who is the Creative Director of House…As the curtain falls on the Paris 2024 Olympics, millions of Nigerians have been wondering what comes next.

 

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