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    Kolawale Adebayo Pleads Not Guilty to Alleged $1.4m Fraud

    A suspected fraudster, Kolawole Adebayo Erinle is now standing trial for alledged advance fee fraud.

    The defendant was dragged by the Economics and Financial Crimes Commission, EFCC, before Justice Oluwatoyin Taiwo of a Special Offences Court in Ikeja, Lagos on Friday.

    At his arraignment, Kolawole Erinle pleaded not guilty to a three-count charge which borders on advanced free fraud amounting to over $1.4m.

    The EFCC Counsel, Tayo Banjo brought him to the court on an amended charge.

    The defendant has denied the three count charges levelled against him.

    Subsequently, counsel to the defendant, Mr. Yinka Farounbi told the court that the defence has a bail application.

    However, the judge, Justice Taiwo asked the counsel to come back on March 15 for the bail application.

    Therefore the court ordered that the defendant be remanded in EFCC custody pending a hearing of the bail application.

    In the charge information, the anti-graft agency alleged that Kolawole Adedayo Erinle, Rinde-Rendex Nigeria Limited and Edward Dada (still at large) on or about the 3rd day of May, 2019 at Lagos retain the control of the sum of $1,410,000 (one million, four hundred and ten thousand United State Dollar) in your Access Bank account which sum you knew to be proceeds of various internet and Cybercrimes.

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