EFCC Arraigns Saphire Scents’ MD, Adewale Aladejana For N12 Million Fraud

The Economic and Financial Crimes Commission, EFCC, has arraigned the Managing Director of Saphire Scents Limited, Adewale Aladejana, before Justice M. A Madugu of the Federal High Court sitting in Bwari, Abuja, for obtaining money under false pretence to the tune of N12,000,000 (Twelve Million Naira only).

MD Of Saphire Scents Limited, Adewale Aladejana Arraigned By EFCC

He was arraigned on Tuesday, October 4, 2022, on three-count charges bordering on misappropriation and obtaining under false pretence.

EFCC Spokesman, Wilson Uwujaren disclosed this in a statement issued on Friday.

Uwujaren said, “Specifically, he allegedly collected the sum of N12 million from potential  investors  in his company,  with a promise of turnover in six months, without offering any profit or returning the invested funds to his investors.”

Count one reads: “That you Adewale Aladejana being the Managing Director of Saphire Scents Limited and you Saphire Scents Limited in Abuja within the Jurisdiction of this Honorable Court on or about the 16^th day of September 2019 being entrusted with the sum of Four Million Naira ( N4,000.000) by one Anaetoh Obianuju for investment in Saphire Scents Limited dishonestly misappropriated same and thereby committed an offence contrary to Section 311 of the Penal Code Act, Cap 532 LFN (Abuja ) 1990 and punishable under Section 312 of the same Act”

Count two reads: “That you Adewale Aladejana being the Managing Director of Saphire Consult and you Saphire Scents Limited in Abuja within the jurisdiction of this Honorable Court on or about the 9^th day of April 2019 being entrusted with the sum of Four Million Naira (N4,000,000) by one patience Idu Ipenyi for investment in Saphire Scents Limited dishonestly misappropriated same and thereby committed an offence contrary to Section 311 at the Penal Code Act, Cap 532 LFN (Abuja ) 1990 and punishable under Section 312 of the same Act.”

Aladejana pleaded not guilty to all the charges when they were read to him.

Given his plea, prosecuting counsel,  S. A Ugwuegbulam prayed to the court to give a trial date to enable him to prove the case.

However, defence counsel, Eyitayo Fatogun in a bail application, sought the bail of his client, pending the hearing and determination of the case.

Justice Madugu  granted Aladejana bail in the sum of N4,000, 000( Four Million Naira only) and two sureties in like sum.

One of the sureties should be a level seven officer in the civil service,  with landed property within the jurisdiction of the court.  Both sureties should provide their valid means of identification, including their passport photograph.

The matter was adjourned to November 21 and 22, 2022 for trial.

Meanwhile, Kanyi Daily reported that EFCC arraigned Obasanjo’s in-Law, John Abebe for fraud.