The Lagos Zonal Directorate 1 of the Economic and
Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos, on
Thursday, May 8, 2025 arraigned one Ntai Bagshaw and his
company, Terraworks Limited before Justice I. O. Ijelu of the Lagos State High
Court, sitting in Ikeja, Lagos for fraud.
They are being prosecuted on a two-count charge,
bordering on obtaining money under false pretence and stealing.
Count one reads: "That you Ntai Bagshow
and Terraworks Limited sometime in December 2021 at Lagos within the Ikeja
Judicial Division with intent to defraud obtained from Muyiwa Makinde the sum
of N70,000,000.00 (Seventy Million Naira) under the false pretense that the
money is for the payment of a detached Duplex in Renat Axis, located at
Ogudu GRA, Lagos State which pretence you knew to be false".
Count two reads: "That you Ntai Bagshow
and Terraworks Limited sometime in December 2021 at Lagos within the
jurisdiction of this Honourable Court dishonestly converted to your own use the
sum of N70,000,000.00 (Seventy Million Naira) being payment for Detached Duplex
located at Ogudu GRA, Lagos State."
He pleaded “not guilty” to the charges when they were
read to him, following which prosecution counsel, F. T. Giwa asked the
court for a trial date and prayed that the defendant be
remanded in a correctional center.
Justice Ijelu adjourned the matter till May 13, 2025
for the hearing of the bail application and commencement of
trial. He ordered that the defendant
be remanded in a correctional facility.
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