Friday, 8 Aug 2025
Subscribe
TrackNews Logo
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
  • 🔥
  • News
  • Politics
  • National
  • Sports
  • Crime
  • Entertainment
  • Business
  • Breaking News
  • Gist
  • Health
Font ResizerAa
Track NewsTrack News
Search
Follow US
©2025 Track News Media. All Rights Reserved. | Website Designed By AfeesHost
Home » Blog » Businesswoman, Princess Toyin Kolade, risks jail over $32m fraud
Crime

Businesswoman, Princess Toyin Kolade, risks jail over $32m fraud

Last updated: November 8, 2021 12:12 pm
Track News
Share
SHARE

A Federal High Court in Lagos has summoned a lawyer Mr O. Awowole to show cause why he should not be sanctioned for failing to present a defendant, Princess Oluwatoyin Kolade, that he allegedly undertook to produce in court.

Justice Peter Lifu ordered Awowole to appear on Tuesday, November 9, following Kolade’s failure to honour a hearing notice for her arraignment last Thursday on an alleged $32 million fraud charge.

The lawyer was also absent when the matter, marked: FHC/L/407C/2019 was called.

Kolade,a top society lady is one of 11 people facing a 10-count charge of $32million fraud preferred against them by the Office of the Attorney-General of the Federation (OAGF).

The defendants include four Indian men – Prem Garg, Devashish Garg, Bhagwan Simgh Rawat and Mukul Tyagi and two Britons – Marcus Wade and Andrew Fairie, said to be at large.

The others, apart from Kolade, are Metal Africa Steel Products Ltd, Wilben Trade Ltd, Fisolak Global Resources Ltd and Kannu Aditya India Ltd.

At the commencement of proceedings, a Deputy Director from the Federal Ministry of Justice, Mr Akutah Pius, reminded the court that when he applied for a Bench Warrant for the defendants’ arrest, Awowole undertook to produce Kolade in court.

He said the counsel not only failed to do so, neither he nor Kolade were present in court.

Pius prayed for an adjournment to enable the defendants to appear, arguing that Awowole should face the consequences of his action.

He further prayed the court to renew a bench warrant issued for the defendants by Justice Oluremi Oguntoyinbo who handled the case before her transfer to the court’s Abeokuta division.

Responding to the judge’s query as to why the prosecution failed to produce the other defendants, despite an arrest warrant and an extradition order, Pius explained the Federal Government was collaborating with Interpol on that, adding that extradition was challenging and takes time.

He stated that his intention was to arraign the defendant that resides in Lagos while the extradition process was ongoing for those abroad.

Pius also applied that since counsel to the 3rd, 4th and 9th defendants, Mr Dele Belgore, SAN, was present, the court should appoint him as a special bailiff to serve the charge on his clients.

Belgore countered that his instruction was only to file a motion challenging the jurisdiction of the court from entertaining the charge and to discharge the warrant of arrest earlier issued by the court.

Justice Lifu disagreed with the Silk, adding “If they briefed you, where are they? Did they brief you from the sky?”

The judge, in a short ruling, ordered that Awowole should appear on Tuesday to explain why disciplinary action should not be taken against him.

The judge also set the two motions filed by Belgore down for hearing.

TAGGED:BusinesswomanPrincess Toyin Koladerisks jail over $32m fraud
Share This Article
Email Copy Link Print
Previous Article Anambra Election: Police React To Non-Payment Of Allowance To Officers
Next Article Delta State Task Force on Environment proposes N300m for 2022
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

You Might Also Like

Three killed by unknown gunmen in Lagos

By
Tonbra Surubor

Court adjourns hearing in Maina’s final assets forfeiture suit

By
Track News
Crime

NDLEA Intercepts 100,000 Bottles Of Codeine Syrup In Rivers State

By
Track News
CrimeFeatured

How Kidnappers Lure, Kill Victims Through Online Dating

By
Track News
Track News
Facebook Twitter Youtube Instagram

About US

Track News is a leading news site with a primary focus on Nigeria and world news in general. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Top Categories
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
Usefull Links

© Track News Media. All Rights Reserved. | Website Designed By AfeesHost

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?