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APC Senatorial Leader Dr. Taiwo Malumi' In 40M Fraud Saga ...Trial Adjourned for Nov. 3

Justice AbdulAziz Anka of a Lagos Federal High Court, on Thursday, adjourned the trial of All Progressive Congress (APC), Senatorial leader, Dr. Taiwo Malumi, till November 3 and 4.

Dr. Malumi, who is the Ondo South Senatorial leader of APC, in Ondo State, was on August 10, arraigned before the court by the Nigeria Police Force's Special Fraud Unit (SFU), on alleged fraud of N40 million.

Malumi, a medical doctor, who is also managing Director of Funtai Limited, in a one count criminal charge number FHC/L/302C/16, was alleged to have fraudulently obtained the sum of N40 million from one Nick Shaiyen, the Managing Director of a limited liability company Whitehall Management Limited, under false pretence that he wanted to sell to him a property known as Unit B9, situated at Funtai Court, 3, Ruxton Street, Ikoyi, Lagos, which he claimed to be free from all encumbrances.

The offence according to the prosecutor, Mr. Ekong Sunday, the offence committed by the APC man contravened section 1(1)(b) of the Advance Fee Fraud related Offences Act, 2016.

The APC Senatorial leader had pleaded not guilty to the charge, and likewise granted to bail by the court

At the resumed hearing of the matter, the prosecutor, Mr. Effiong Asuquo, a Chief Superintendent of Police (CSP), who took over the matter from the initial prosecutor, informed the court that parties, (the accused and the complainat) are attempting to settle the matter out of court.

He however, stated that the the complinant did not agree with the date which the accused said it would be for the amount involved in the matter.

However, counsel to the accused person, Mr. A. Salami, informed the court the he was not the person that initiated the settlement process. He however stated that he was that the parties involved did made the move to settle out of court. He added that the APC Senatorial leader have paid back the sum of N13 million to the complinant, and that he is ready to abide by the terms of settlement.

He therefore urged the court to adjourn for a month to enable his client give a monumental amount to the complinant.

But the prosecutor informed the court that the complainat told the his agency that if the accused failed in paying back within a week, that means that the agreement has broken down, and the court should adjourn for trial.

Consequently, the presiding judge, Justice AbdulAziz Anka, upheld the prosecution's submission, and adjourned the matter till November 3 and 4 for trial of the accused person.


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