A federal court on Monday ordered two men to remain in custody at the Kuje Correctional Center for their participation in a multi-million euro primary scam that borders the acquisition of non-public COVID-19 (EPI) equipment.
The federal government has formally accused Babatunde Adesanya, a 50-year-old graduate of the University of Lagos (UNILAG) and managing director of Musterpoint Investment Nigeria Limited, Akinpelu Abass.
Judge Anwuli Chikere, who issued the order, deferred the case until November 9 to hear the bail request.
Previously, the Federation’s attorney general and Justice Minister Abubakar Malami, SAN, alleged that the defendants were members of a transnational network of criminals.
The federal government claimed that it cloned ILBN Holdings BV’s company in the Netherlands to treat and defraud an entrepreneur, Freiherr Hahn, a representative of the German state of North Rhine-Westphalia.
At the 10-count rate, the defendants allegedly fraudulently received EUR 1. 5 million and another EUR 880,000 in advance for Hahn’s source of EPI COVID-19, EUR 14. 7 million.
Both Adesanya and Abass have pleaded guilty.
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