11 People Arrested for Operating Fake Cooperative Firm

at 01:01 PM, 24/04/2015 (3 years ago)
(11810 | Hero) (m)

The police have arraigned a cooperative cartel which defrauded 77 persons to the tune of N2.4m before an Ikeja Magistrate’s Court sitting in Ijaiye-Ojokoro, Lagos State.
The cartel which is located along Lambe Street, off Agbado area of Lagos State is allegedly owned by the following persons: 28-year-old Abraham Adenike, Ganiyat Ganiyu, 25, Aminu Feyishara, 22, Aminat Adeladan, 28, Omolola Adeloye ,40, Mariam Badru, 50, Edunjobi Mutiu, 40, Adeleke Kofofworola, 30, Williams Oluwatoyin, 46, Olabisi Lasisi, 38, and Adewole Adeniyi, 58.
It was gathered that residents of Agdado area of Lagos between the period of March 10 and April 2015 deposited the said amount with the cooperative.
The defendants under the name Adlaw Cooperative Credit and Thrift were accused of enticing their victims, mostly traders, with the promise of giving them fat loans. In trying to make their business look genuine, the cartel allegedly used fake documents, detailing its operation.
Trouble however started when one of their victims got information that the cartel was not genuine and mobilized other depositors who approached the syndicate, demanding that their monies be refunded.
It was learnt that the meeting which was supposed to have a peaceful outcome went the opposite way when the cartel could not refund the deposits made. It took the intervention of police officers attached to the Ijaiye-Ojokoro Police Division; the monarch of Ojokoro, Oba Rilwan Oluwalambe; and the Chairman, Community Development Committee of the Ojokoro area, Alhaji Hamzat, to appease the angry depositors who were bent on getting their money back.
The police consequently apprehended the syndicate and they were arraigned before magistrate O.A. Olayinka, on an 11 count charge of fraud and conduct likely to cause a breach of the peace.
The charge reads, “That you, Abraham Adenike, Ganiyat Ganiyu, Aminu Feyisara, Aminat Adeladan, Omolola Adeloye, Mariam Badru, Edunjobi Mutiu, Adeleke Kofoworola, Williams Oluwatoyin, Olabisi Lasisi, Adewole Adeniyi and others now at large, between March 10, 2015 and April 2, 2015, at about 8am and 4pm on Lambe Street, off Agbado Road, Ijaiye-Ojokoro, Lagos, in the Ikeja Magisterial District, did conspire to commit felony by false pretences and obtaining the sum of N2,494,500 property of one Amidat Oloyede, Nwafor Oluwaseun, Akintude Waliyu, Michael Ediaghe and 73 others, by presenting yourselves as Adlaw Cooperative Credit and Thrift that gives loan facilities to traders.
“That you, and others now at large, on the same date, time and place, in the aforementioned magisterial district, did conspire to commit misdemeanour to wit; possession of fraudulent documents.”
According to the police, the crime committed was punishable under Sections 409, 312 (1a), 323 (i), 285 (9B), 410, 318, 364 (i) and 166 (D) of the Criminal Law of Lagos State of Nigeria, 2011. However the suspects pleaded not guilty to the charges. Olayinka, consequently granted the accused persons bail in the sum of N1.5m with two sureties each in like sum.The case was further adjourned till May 28, 2015

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Larry28 at 01:24 PM, 24/04/2015 (3 years ago)
(16535 | Hero) (f)
edpete at 01:26 PM, 24/04/2015 (3 years ago)
(1011 | Gistmaniac) (m)
Co-operathieves  Grin Grin Grin Grin Grin Grin
bankadetoun at 02:31 PM, 24/04/2015 (3 years ago)
(2374 | Gistmaniac) (f)

akhaifo at 04:11 PM, 24/04/2015 (3 years ago)
(334 | Upcoming) (m)
Good businesses... thieves that co-operate to steal from public Grin Grin Grin Grin
Fertymor at 07:32 PM, 24/04/2015 (3 years ago)
(4860 | Gistmaniac) (f)
elchymo at 07:54 PM, 24/04/2015 (3 years ago)
(22559 | Addicted Hero) (m)
Roll Eyes Roll Eyes Roll Eyes
echeeche at 07:53 AM, 25/04/2015 (3 years ago)
(9422 | Hero) (m)
elchymo at 06:05 PM, 19/08/2015 (3 years ago)
(22559 | Addicted Hero) (m)
419 is d order of the day for naija


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