Alleged N2.3bn Fraud: Chartered Accountant Appeals Bail Denial

Wale Igbintade

 A chartered accountant, Ms. Omafume Augustina Ayinuola, who has been denied bail twice by two justices of the federal high court sitting in Lagos has challenged the decision before the Court of Appeal, Lagos Division. 

Omafume was arraigned by the Police from the Force Criminal Investigation Department (ForceCID) Annex, Alagbon, Ikoyi, Lagos, for allegedly defrauding a Nigerian stockbroker and entrepreneur, Peter Ololo, and his companies of N1, 072, 254 411 and $975, 102.58 respectively.

She was arraigned alongside her company, Patridia Resources Limited, on a 15-count charge bothering on conspiracy, unlawful conversion of funds, money laundering and fraud.

However, her applications to secure bail pending trial were dismissed on two occasions.

Dissatisfied, Omafume in her Notice of Appeal filed by her lawyer, Olubusola Ashiru is praying the court to set aside the ruling of Justice Akintayo Aluko of the Federal High Court, in Lagos delivered on the 5th day of September, 2023 in Suit No: FHC/L/405C/2023 on the Appellant’s’ application for bail.

The appellant is also asking the court to set aside the decision of Justice Kehinde Ogundare made on March 30, 2024 dismissing her application for bail.

Specifically, she urged the court to grant her application for bail dated and filed on 15th August, 2023, and admit her to bail. 

The appellant averred that she is the accountant to the ‘nominal complainant’s (Mr. Peter Ololo) numerous companies and were also into an amorous relationship. 

The appellant stated that the reason she procured another international passport was not to escape from the criminal trial against her, but for the action of the norminal party to constantly frustrate her.

The appellant further averred that she was advised by one of the investigating team of the Police to seek asylum against the said nominal complaint being an extremely toxic and  jealous lover.

She stated that despite obtaining the international passport, she still voluntarily without any forces still came to the 1st Respondent to be arraigned, 

The appellant averred that notwithstanding that the nominal complainant is not a party to the criminal proceedings before the lower Court, his intention is to continuously instigate the current charge against the appellant. 

The appellant’s lawyer, Ashiru argued that bail is a constitutional issue as may be determine by the court, stressing that the presumption of innocence pursuant to section 36 (5) of the 1999 Constitution (As Amended) is in favour of the appellant. 

He submitted that that until a competent Court of jurisdiction convicts the appellant on the alleged offence, her innocence is presumed under the Law.

He stated that the continuous confinement and denying the appellant bail after 8 months is in contravention of the extant provision of 1999 Constitution (As Amended). 

The appellant averred that the 1st Respondent (Inspector General of Police) failed to proffer any evidence to be entitled to the refusal of the Appellant’s application action. 

He stated that from the totality of evidence gather in the appellant’s application for bail, the lower Court ought to have properly considered notwithstanding the alleged procurement of international passport in the interest of justice. 

Some of the grounds canvassed by appellant include: “That the learned trial judge misdirected himself in law when he failed to admit the appellant to bail as the principle of the presumption of innocence as guaranteed under Section 36(5) of the 1999 Constitution (As Amended) is in the Appellant’s favour having not been convicted of the offence before any competent Court of jurisdiction. 

“The lower Court erred in law and facts when he failed to appreciate the, circumstances under which the Appellant allegedly procured another international passport for her welling being and safety when the nominal complainant the Appellant’s jealous lover was willing to make life unbearable and permanently keep the Appellant in jail.

“There is no evidence which if accepted would support the findings of the lower Court in arriving at its decision refusing the Appellant’s bail. 

“The evidence adduced by the Appellant is balanced against that adduced by the 1st Respondents on the imaginary scale of justice on the continuous Appellant’s for over 6 months. 

No date has been fixed for hearing of the appeal.