The 45 years old developer, who was recently arrested from his hide-out by the men of Force Criminal Investigation and Intelligence (FCIID), Alagbon, Ikoyi-Lagos, following over 200 petitions written against him by the victims of his act.
The developer, who also bears Tunde, was arraigned on Tuesday, on 169 counts charge, bordering on conspiracy and obtaining under false pretence with intent to defraud.
The offences, the police prosecutor, Inspector Uwadione Chinalu, said are contrary to and punishable under sections 411 and 314(a)(b) and (2) of the criminal laws of Lagos State, 2015.
The defendant, however, pleaded not guilty to the charge.
Following his not guilty plea, the prosecutor, Inspector, Chinalu, told the court that though, bail is a constitutional right of the defendant, and such must be considered at the court’s discretion.
The prosecutor further told the court that in admitting the defendant bail, it must be with stringent conditions, due to the defendant’s anticident.
He told the court that an igboosere division of the court had issues a bench warrant against the defendant after he jumped bail for similar offences.
In admitting the defendant bail, the presiding magistrate, Chief Magistrate Oluwayemisi Adelaja, admitted him to bail in the sum of N3 million with three sureties.
Chief Magistrate Adelaja also ordered that each of the three, which one of them must be a Civil Servant on Grade Level 15 Officer in Lagos State, and that the sureties must deposit the sum of N1 million each to the account of the Chief Registrar of the State High Court.
Furthermore, the presiding Chief Magistrate also ordered that each of the sureties must take a photographer with their houses, and also submit the Certificate of Occupancy (C-of-O) of the said property to court pending the determination of the suit.
The sureties to the defendant the spurt also ordered to produce evidence of three years tax payment to the Lagos State government, and swear to affidavit of gainfully employed with a reputable firm.
The sureties were also ordered to produce to court either their international passport, Driver’s licence, Voter’s card or National Identity Card, which reflects the current residential addresses.
The matter has been adjourned till December 6, for mention.
Police in charge number: D/98/2017, alleged that the developer and others now at large, had between June 2016 and May 2017, used different structures located at Iponri, Aguda and Coker areas of Surulere, Lagos, to defraud their victims.
Some of the victims of the act are: Eddy Diamond: Egbede Cyril: Jude Aluka: Mama Marta: Adepitan Modupe: Lekan Tijani: Lucia Oshiozu Oshioma: Emmanuel Ekadi: Michael Sodimu: Emmanuel Chinnoye, and 158 others.