Justice A.M. Lawal of the Lagos State High Court, Ikeja, has remanded Ayodele Toyosi, the CEO of Reaprite Global Limited and Agrorite Limited, in the Ikoyi Correctional facility pending the hearing of his bail application.

Toyosi is facing an 11-count charge of obtaining by false pretence and stealing to the tune of N600 million and $50,000, brought against him by the Economic and Financial Crimes Commission (EFCC).

The EFCC alleges that Toyosi defrauded several individuals by promising them an interest-yielding investment in agricultural export, but instead used their funds for personal gain.

The case has been adjourned until August 21, 2024, for the hearing of Toyosi's bail application. If found guilty, Toyosi faces a lengthy prison sentence and restitution to the victims of his alleged fraud.

The EFCC's prosecution of Toyosi is part of its efforts to combat investment fraud and protect Nigerians from falling victim to such scams.

Source: https://securityngr.com/lagos-investment-scam-efcc-arraigns-man-for-alleged-n600m-50000-fraud/

His face gives him away.

Rather than repay the trust by paying them their profits, he chose the inglorious path or repaying them with pocketing the money.

Now he will both return the money and serve a prison term.

When youths complain of bad governance, this one too will complain, even knowing that he is crooked. What a shame.

ElevationD:
His face gives him away.

Rather than repay the trust by paying them their profits, he chose the inglorious path or repaying them with pocketing the money.

Now he will both return the money and serve a prison term.

When youths complain of bad governance, this one too will complain, even knowing that he is crooked. What a shame.

Chai

ElevationD:
His face gives him away.

Rather than repay the trust by paying them their profits, he chose the inglorious path or repaying them with pocketing the money.

Now he will both return the money and serve a prison term.

When youths complain of bad governance, this one too will complain, even knowing that he is crooked. What a shame.

That is life we all both lived in..trust no one including your shadow..

Lampy336:





That is life we all both lived in..trust no one including your shadow..

IT IS WELL

Lampy336:





That is life we all both lived in..trust no one including your shadow..

Unfortunately I do not agree with you bro.

Sorry not everyone lived or will live that life.

Without trust how can you have relationships that will move you forward?

If you cannot trust your own shadow, then you MUST have a problem with your mindset.

Cheers.