The Managing Director of Sapphire Scents Limited, Adewale Aladejana, has been arraigned for obtaining money under false pretence to the tune of N12,000,000 (Twelve Million Naira only).
The Economic and Financial Crimes Commission, EFCC, arraigned Adewale on Tuesday before Justice M. A Madugu of the Federal High Court sitting in Bwari, Abuja on three-count charges bordering on misappropriation and obtaining under false pretence
This was contained in a statement posted on the agency Twitter handle on Friday.
It reads; “The Economic and Financial Crimes Commission, EFCC, has arraigned the Managing Director of Sapphire Scents Limited, Adewale Aladejana, before Justice M. A Madugu of the Federal High Court sitting in Bwari, Abuja, for obtaining money under false pretence to the tune of N12,000,000 (Twelve Million Naira only).
“He was arraigned on Tuesday, October 4, 2022, on three-count charges bordering on misappropriation and obtaining under false pretence.”
“Specifically, he allegedly collected the sum of N12 million from potential investors in his company, with a promise of turnover in six months, without offering any profit or returning the invested funds to his investors,” the statement added.