A Lagos division of the Federal High Court of Nigeria has fixed April 15, 2025 for trial in the fraud case against the Chief Executive Officer, CEO, of Oak Homes Limited, Olukayode Olusanya.

The court presided by Justice Musa Kakaki fixed the date after hearing arguments from both the prosecution and defence counsel over the admissibility of Olusanya’s statement and a petition against him.

Olusanya and his company are facing four count-charge brought against them by the police, bordering on conspiracy, threat to life, obtaining money by false pretense and stealing.
The CEO was arraigned on November 26, 2024, but pleaded not guilty to the charges.

The police alleged that Olusanya conspired with Lynda Umeh, the company’s head of sales and marketing, who is currently at large, to defraud a Nigerian-American engineer, Anthony Ugbebor.

According to the police, between November 8, 2017 and August 4, 2020, the duo deceived Ugbebor into paying N152 million for two units of three-bedroom apartments at the Oak Residence, Victoria Island.

The police further alleged Olusanya and Umeh promised to hand over possession of the apartment to Ugbebor by February 28, 2019 but they failed to deliver the property.

Police prosecution counsel, M.A. Omo-Osagie, equally alleged that Olusanya stole the funds and later conspired to murder Ugbebor for reporting him to the Economic and Financial Crimes Commission, EFCC, and other authorities.

During the hearing on February 11, 2025, Omo-Osagie called the first prosecution witness, Assistant Superintendent of Police Egho Amiebelomo.

In his testimony, the officer said the police received a petition from Ugbebor, which led to an investigation.


https://dailypost.ng/2025/02/14/court-fixes-april-15-to-hear-fraud-case-against-oak-homes-ceo-olusanya/