EFCC ARRAIGNS BUSINESSMAN OVER ALLEGED £122,000 INVESTMENT FRAUD
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By Aishat Momoh. O.
The Economic and Financial Crimes Commission has arraigned a businessman, Ashley Segun Oshin, before a Lagos State Special Offences Court in Ikeja over an alleged £122,000 investment fraud.
Oshin pleaded not guilty to the one-count charge when it was read to him before Justice Ismail Ijelu.
Following his plea, prosecution counsel, M.S. Owede, informed the court that the charge was filed on June 29 and urged it to proceed with the trial.
Owede expressed the prosecution’s readiness to prove the allegations against the defendant beyond reasonable doubt.
However, defence counsel, S.N. Umoren, informed the court of a bail application dated November 10, 2026, which he said had been served on the prosecution.
The defence urged the court to hear the application promptly, citing the defendant’s constitutional right to personal liberty under Section 35 of the Constitution.
In response, the prosecution requested time to file its response to the bail application.
Justice Ijelu subsequently adjourned the matter until November 18, 2026, for further proceedings on the application.
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