Lagos Special Offences Court Orders Remand of Suspect in N37.44 Million Scam

Lagos Special Offences Court Orders Remand of Suspect in N37.44 Million Scam
Prosecution counsel, Temitope Banjo opposed the bail application on the grounds that the defendant had previously been difficult to locate for arraignment
Defendant pleaded not guilty

Justice Mojisola Dada of the Lagos Special Offences Court has ordered the remand of Otobor Geoffrey Onajefe in a correctional facility over an alleged N37.44 million fraud.

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Eko Hot Blog reports that Onajefe was arraigned by the Economic and Financial Crimes Commission (EFCC) on a two-count charge of conspiracy and conversion, contrary to Sections 409 and 285 of the Criminal Law of Lagos State, 2011.

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The prosecution alleged that Onajefe, together with Philip Otahre Onobrakpev who is currently at large, conspired in 2023 to defraud Omotayo Olumide Oyebanji and Ernest Adeii, converting the funds for personal use.

The defendant pleaded not guilty. Prosecution counsel, Temitope Banjo, urged the court to set a trial date and requested that Onajefe be remanded, opposing the bail application on the grounds that the defendant had previously been difficult to locate for arraignment and that the prosecution had yet to file a formal reply on points of law.

Defence counsel, Samuel Danni, explained that the bail application, filed on February 6, 2026, was only served on the prosecution on the morning of the arraignment and requested a short adjournment to move the application.

Justice Dada adjourned the case to February 26, 2026, for hearing and ordered that the defendant remain in custody pending further proceedings.