RismadarVoice Reporters
August 28, 2026
The Economic and Financial Crimes Commission, EFCC, has arraigned a man, Yusuf Ademola Oyepeju, before the Oyo State High Court in Ibadan over alleged property fraud involving N13.697 million.
Oyepeju was arraigned alongside his companies, Alwajeez International Nigeria Limited and AIN Homes and Property Limited, on a six-count charge bordering on forgery, uttering of documents, stealing by conversion and obtaining money under false pretence.
The EFCC alleged that the defendant defrauded a Dubai-based Nigerian Islamic cleric, Fasasi Amidu Bayonle, whom he reportedly met through a WhatsApp group dedicated to Islamic teachings.
According to the prosecution, Bayonle had allowed Oyepeju and his newly married wife to temporarily occupy his unoccupied house in Olodo, Ibadan, while he raised funds for accommodation.
The anti-graft agency alleged that Oyepeju, who presented himself as a property developer, subsequently persuaded Bayonle to send him N8.697 million to purchase land and develop a property for him in Ibadan.
The EFCC further alleged that Oyepeju later forged a transfer-of-agreement document, transferred the house he was temporarily occupying to companies allegedly linked to him and converted the proceeds for personal use.
The defendant pleaded not guilty to all six counts.
Prosecution counsel, Sanusi Galadanchi, urged the court to remand him in custody and fix a date for trial, while defence counsel, B. Ajibola, applied for his bail, informing the court that a bail application had been filed and served on the prosecution.
Justice Olusola Adetujoye subsequently adjourned the case for hearing of the bail application and ordered that Oyepeju be remanded at the Agodi Correctional Centre, Ibadan.
The case is scheduled to proceed with the hearing of the bail application before the court.
