TransparencIT
TransparencIT
@TransparencITng
Fraud
Jun 4, 2026
FRN vs Ayodele Toyosi (Owner of Reaprite Global Limited and Agrorite Limited) & 1 other
Ayodele Toyosi
& 1 other
N600,150,000,00 & $50,000.00
Amount allegedly defrauded
Case Summary
The accused was alleged to have dishonestly converted the said sum belonging to K. C. Akoson Investment Limited and Kenneth C. Maduakor by dishonestly representing to them that he would help them transfer the said money to their importers in China whereas he expended the money for his personal use and committed an offence contrary to Sections 278(1) (b) (f) of the Criminal Law of Lagos State 2011.
654
Day(s) since arraignment
Hon. Justice A. M. Lawal
State High Court, Ikeja, Lagos
Case Information
Ayodele Toyosi & 1 other
Presiding Judge & Designated Court
Hon. Justice A. M. Lawal, State High Court, Ikeja, Lagos
Nature and Number of Charges
11-count charge bordering on obtaining by false pretence and stealing.
Date of 1st Arraignment
Aug 19, 2024
Summary of Case
The accused was alleged to have dishonestly converted the said sum belonging to K. C. Akoson Investment Limited and Kenneth C. Maduakor by dishonestly representing to them that he would help them transfer the said money to their importers in China whereas he expended the money for his personal use and committed an offence contrary to Sections 278(1) (b) (f) of the Criminal Law of Lagos State 2011.
Defendant(s) and Plea entered on Arraignment
1. Ayodele Toyosi
(Owner of Reaprite Global Limited and Agrorite Limited.)
– Not guilty
2. Reaprite Global Limited and Agrorite Limited
(Company)
– Not guilty
Defence Counsel(s)
1. Olalekan Ojo, SAN
(Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. G. C. Akaogu (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
654 day(s)