N150m Fraud: Appeal Court Dismisses Suspect’s Bail Appeal

The Court of , Lagos Division, has dismissed an filed by a suspected fraudster, Nelson Emuobosa Omo-Ode, challenging the ruling of the Special Offences Court, Ikeja, Lagos denying him bail.

Omo-Ode, a 34-year-old Business Administration graduate of the Kuala Lumpur Metropolitan College, Malaysia, was arrested on July 18, 2019 at his residence at the Address Homes, Onikani Foreshore Banana Island, Ikoyi, Lagos, following a petition received by the Commission about his suspicious lifestyle.

showed that over N150, 000,000 (One Hundred and Fifty Million Naira) had passed through his account in recent time, which he could account for.

He was subsequently arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a three-count charge bordering retention of proceeds of criminal conduct the tune of N150m.

He pleaded guilty the charges preferred against him, thereby leading his trial.

During the trial, the prosecution counsel, S.O. Daji presented four witnesses before closing his case against the defendant.

The defendant’s for bail was refused by the court.

Dissatisfied the decision of the Court, the defendant, through his counsel, Kolawole Salami, appealed against the ruling.  

In the judgment delivered via zoom on Tuesday, May 4, 2021, the Appellate Court dismissed the defendant’s as lacking in merit.

The case has been adjourned till May 19, 2021 adoption of final written addresses.