Food Commodity Processing Enterprise News Today

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, has fixed January 10, 2024 as commencement of trial of a couple

It reserved hearing of the bail application of his wife, Ruth, charged with N2.7 billion fraud.

Justice Mojisola Dada of an Ikeja Special Offences Court on Friday granted bail to a businessman, Oriyomi Idowu, in the sum of N250 million. However, the court reserved hearing of the bail application of Idowu’s wife, Ruth, charged with N2.7 billion fraud until Dec. 20. The couple is facing a 20-count charge bordering on obtaining

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a couple, Ruth and Oriyomi Idowu for alleged money laundering and forgery. The couple were arraigned alongside firms belonging to Ruth, which are the third to the sixth defendants: Food Commodity Processing Enterprise, Bonway Food Processing Company Ltd., Samee Idowu Company Ltd. and Farmex Integrated Companies

EFCC filed against the couple 20 counts of obtaining over N2.7 billion by false pretence, money laundering, stealing, retention of stolen property.