HOW IBADAN BIG BOY AKINDELE FAJEMIYO (FAJEMS) WAS SWINDLED OF 261.5m NAIRA BY CO-DIRECTOR.

Akindele Fajemiyo

The media space has been agog with the news of a 261.5m naira heist involving an Ibadan based silent billionaire Akindele Fajemiyo, whose corporate office operates on the Osuntokun avenue axis of Old Bodija, almost adjacent the Ibadan home of erudite lawyer Chief Afe Babalola.

Much as the alleged fraud perpetrated by Obakin Emmanuel Ajibola, a long time close ally of FAJEMIYO popularly known as Fajems has been uncovered, the ingenuity of the accused who is presently standing trial before Justice Ladiran Akintola of the Oyo State High Court, sitting in Ibadan on a four count charge bordering on alleged stealing of 251.6m naira belonging to Lee Fakino Nigeria Limited in perpetrating the heinous crime still beats the imagination of all as criminolgy experts are of the opinion that a more thorough and detailed investigation needs to be undertaken to unravel the mystery behind the fraud.

Emmanuel Obakin who is a co-directors of Lee Fakino Nigeria Limited and signatory to the company’s account with Akindele Fajemiyo allegedly withdrew the money in two tranches of 120.5m and another 1.6m naira from the company's account without authorization and consent of Fajems who is the Managing Director and Chief Executive Officer of the company between December 2022 and March, 2023.

Lee Fakino Nigeria Limited Corporate Head Office

Emmanuel Ajibola Obakin was alleged to have removed the telephone numbers and email address of the MD/CEO of the company from the bank details of Lee Fakino Nigeria Limited, through which notification alerts of transactions were received to enable him keep track of the account.

Obakin, thereafter withdrew the said sum from the account of the firm, which was money paid for works executed by Lee Fakino Nigeria Limited for the Lagos State Ministry of Agriculture between December 22, 2022 and March 9, 2023 without any notification received by Fajemiyo.

Emmanuel Ajibola Obakin

Upon arraignment in court, Obakin pleaded “not guilty” to the charges filed against him by the Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 12, 2023, while the court adjourned till October 23, 2023 for further hearing and admitted the defendant to bail in the sum of N50 million and two sureties, preferably the wife and younger brother to the defendant, in like sum and also swear an affidavit of means, deposit their National Identification Slip with the court and provide the court with adequate residential addresses”.

Also, the court ordered that the defendant to provide the court with his National Identification Slip and residential addresses.

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