A Federal Capital Territory High Court, Abuja, on Thursday, repaired May 14 for the trial of Abayomi OluwaSesan who was arraigned in a computer-related theft case including $87,883,904.
Nairametrics formerly reported that the Inspector General of Police, Kayode Egbetokun, had actually taken legal action against the accused for supposedly acquiring unapproved access to customers’ financial investments at the Afriq Arbitrage Company, an online trading platform, and taking $87,883,904.
The prosecution declared that the accused, who pleaded innocent to the charges, devoted cybercrime and cash laundering versus the trading platform by purposefully and without authority fraudulently altering the ownership qualifications of the Chief Executive Officer of Afriq Arbitrage Company, thus getting to countless customers’ financial investments and diverting the amount of $87,883,904 to himself.
He was given bail by Justice M.S Idris.
The offender’s counsel, Ayotunde Ogunleye (SAN), had actually looked for leave of court to differ the bail conditions of his customer, particularly in the location of sureties and today was repaired for judgment.
What transpired in court
At the resumed hearing on Thursday, the Presiding Judge, Justice M.S. Idris, accepted differ the bail condition of the offender.
Previously, the judge had actually bought that the sureties need to own residential or commercial properties in Maitama, Abuja,(a high-brow location of Nigeria’s capital).
His attorney had actually stated getting sureties from Maitama has actually been challenging, hoping the judge to allow his customer to get a surety from any part of the Federal Capital Territory (FCT).
In his judgment, the judge concurred with the accused counsel and directed that his sureties originate from any part of the FCT.
The court consequently adjourned till May 14, 15 and 16 for trial.
What you need to understand
- The IGP had actually taken legal action against the accused in a comparable case before the Federal High Court in match no: FHC/ABJ/CR/ 289/2023.
- The blockchain trading platform reported the advancement to the authorities, declaring its platform was not hacked however was accessed by its personnel.
- The authorities took legal action against the offender on behalf of the trading platform.
