Justice Mojisola Dada of the Lagos Special Offences Court has ordered the remand of Otobor Geoffrey Onajefe in a correctional facility over an alleged N37.44 million fraud.
The defendant was remanded after being arraigned by the Economic and Financial Crimes Commission (EFCC) on a two-count charge bordering on conspiracy and conversion, contrary to Sections 409 and 285 of the Criminal Law of Lagos State, 2011.
The prosecution alleged that Onajefe, alongside one Philip Otahre Onobrakpe, who is currently at large, conspired in 2023 to defraud Omotayo Olumide Oyebanji and Ernest Adeii of N37,440,000, which they allegedly converted to personal use.
The defendant pleaded not guilty to the charges. Following his plea, prosecution counsel, Temitope Banjo, urged the court to fix a trial date and requested that the defendant be remanded in a correctional facility. He opposed the bail application, stating that although the application had been filed earlier, it was served on the prosecution on the morning of the arraignment, adding that the prosecution intended to file a reply on points of law.
Banjo further informed the court that the defendant had previously been difficult to locate for arraignment.
In response, defence counsel, Samuel Danni, told the court that the bail application, dated February 6, 2026, was filed the same day but served on the prosecution that morning, and sought leave of the court to move the application while requesting a short adjournment.
Justice Dada adjourned the matter to February 26, 2026, for hearing and ordered that the defendant be remanded pending further proceedings.
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