An Ikeja Special Offences Court has ordered that a businessman, Solomon Idonije, be remanded in the custody of the Economic and Financial Crimes Commission (EFCC) over alleged N20 million foreign exchange fraud obtaining money under false pretences.
The EFCC had alleged that Idonije on December 21, 2020 in Lagos obtained the sum of N4.8million from Iyen Omowuiugbe for Forex Trade through Solomon Ace Forex Investments, going further on December 23, 2020 in Lagos, obtained N4.1million from Omowuiugbe.
EFCC said the offence contradict the provisions of sections 1(1) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
Justice Oluwatoyin Taiwo, adjourned the case until July 13 for a hearing on the bail application.
