The Economic and Economic Crimes Fee on Tuesday arraigned a gentleman, Opeoluwa Sennaike, just before an Ikeja Special Offences Court docket, for alleged $5 million and N800 million cyber stability fraud.

Sennaike was arraigned alongside his organization, Sennaike Consulting Ltd. on a six-depend bordering on acquiring income by phony pretences, forgery, stealing and possession of fake paperwork.

The defendant, on the other hand, pleaded not responsible to the charge.

EFCC alleges that the defendant fraudulently attained the sums from unsuspecting members of the modern society.

Right after the arraignment, counsel to EFCC, Mr Ahmed Yerima, prayed the court docket for a demo date, including that it should really remand the defendant.

Defence counsel, Mr Akeem Akinroye, however, produced an oral software for the bail of the defendant.

Akinroye said that the defendant would not run absent.

Justice Olubusola Okunuga held that the court required a official bail software.

Okunuga ordered that the defendant must be held at the Ikoyi custodial facility pending his official bail software.

The choose adjourned the circumstance until finally June 28 for the commencement of demo.

The EFCC alleges that the defendant deceitfully attained an combination sum of $5 million from unsuspecting associates of the general public, who thought that the sum was an investment decision for the protection of formulated cyber safety software package for onward delivery to the US.

The fee also alleges that the defendant fraudulently collected an combination sum of N800 million from Olugbenga Ojo and Benson Ogungbamiwa as perfectly as other unsuspecting associates of the public, who recognized the sum to be an investment decision for the security of a formulated cyber safety program for onward shipping to the US.

It also statements that the defendant forged a document printed from his notebook entitled, “Executive Office environment of the President of The United States,” dated November 2, 2021.

The commission alleges that the defendant also printed other documents that contains forged discussions designed among Kamala Harris, a representative of the Authorities of the US and Mr Olugbemiga Ojo, President of Langberg Inc. in purchase to defraud unsuspecting associates of the public.

The alleged offences contravene Sections 6, 8 (b) 1 (3), 363 (3) (d) and (e) of the Advanced Charge Fraud and Other Relevant Offences Act of 2006, and Section 278 (2) (a) and (b) of the Criminal Regulation of Lagos State, 2015.