The Economic and Financial Crimes Commission (EFCC), Wednesday arraigned two businessmen, Abdullahi Adamu Musa and Abdullahi Isah, over alleged N42 million fraud.
The defendants were arraigned before Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on a two-count charge bordering on conspiracy to commit felony and stealing in violation of Sections 284 and 285 of the Criminal Law of Lagos state, 2011.
The prosecution said the suspects, alongside others still at large, allegedly conspired in October 2024 to defraud one Ismail Rabiu. They were also accused of dishonestly converting N42,000,000 belonging to the victim for personal use.
The first count reads: That Abdullahi Adamu Musa, trading under the name ANFIM & Aluminium Enterprise, Abdullahi Isah, and others at large within the jurisdiction of this Honourable Court conspired to steal money from Ismail Rabiu.
Another count reads: That Abdullahi Adamu Musa, trading under the name ANFIM and Aluminium Enterprise, Abdullahi Isah and others now at large within the jurisdiction of this Honourable Court ,unlawfully converted the sum of N42 million, property of Ismail Rabiu, for your own use.
Both defendants pleaded not guilty to the charges.
Following their plea, prosecution counsel, M.K. Bashir, asked the court for a trial date and requested remand of the defendants in a correctional facility pending trial.
In response, defence counsel K.K. Williams and Bakare informed the court that bail applications had been filed and appealed for the defendants to be granted bail on liberal terms.
Justice Abike-Fadipe, ordered that the defendants be remanded in a correctional facility and adjourned the case until April 14, 2026, for hearing.
