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Fraud

Apr 5, 2026

FRN vs Bashir Adamu Gusau (CEO of IMAD Oil and Gas) & 6 others

Humans

Bashir Adamu Gusau
& 6 others

Money bag

N299,800,000.00
Amount allegedly defrauded

Money bag

Case Summary
The Defendants, one of which was a former Zamfara State governorship aspirant, allegedly conspired amongst themselves and fraudulently obtained the said sum as bank loans, under the false pretense that the money would be used to supply 2.2million Iiters of AGO to LastaI Energy Limited.

Calendar

1,972
Day(s) since arraignment

Gavel

Case Update
Following the Defendants not-guilty pleas, their counsels then informed the court that the Defendants were granted bail in a similar, nut discontinued trial and therefore, prayed the court to grant their clients bail on the same terms as earlier stated. The trial judge, thereafter granted the prayers of the defense team and adjourned the matter for commencement of trial.

Court house

Hon. Justice S. Saidu
Federal High Court, Ikoyi, Lagos

Legislation

ACJA/ACJL Compliance - violated

Case Information
Bashir Adamu Gusau & 6 others
Presiding Judge & Designated Court
Hon. Justice S. Saidu, Federal High Court, Ikoyi, Lagos
Nature and Number of Charges
5-count amended charge bordering on conspiracy, obtaining by false pretense, forgery and unlawful conversion.
Date of 1st Arraignment
Nov 10, 2020
Summary of Case
The Defendants, one of which was a former Zamfara State governorship aspirant, allegedly conspired amongst themselves and fraudulently obtained the said sum as bank loans, under the false pretense that the money would be used to supply 2.2million Iiters of AGO to LastaI Energy Limited.
Defendant(s) and Plea entered on Arraignment
1. Bashir Adamu Gusau (CEO of IMAD Oil and Gas) – Not Guilty
2. IMAD Oil and Gas Limited (Company) – Not Guilty
3. OBD Petroleum (Company) – Not Guilty
4. Obinna Michael Umeanor – Not Guilty
5. Isaac Okorodudu – Not Guilty
6. Ilolo Ogho Gift – Not Guilty
7. Samson Egbuwoku – Not Guilty
Defence Counsel(s)
1. Hope Eremosele (Lawyer)
2. Joseph Okobieme (Lawyer)
3. C. B. Ejike (Lawyer)
Prosecuting Agency
Office of the Attorney General of the Federation
Prosecutor(s)
1. Kehinde Bode-Ayeni (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
1,972 day(s)
Case Update
Following the Defendants not-guilty pleas, their counsels then informed the court that the Defendants were granted bail in a similar, nut discontinued trial and therefore, prayed the court to grant their clients bail on the same terms as earlier stated. The trial judge, thereafter granted the prayers of the defense team and adjourned the matter for commencement of trial.
ACJA/ACJL Compliance
Violated