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- The charges bordered on stealing, obtaining money by false pretence, forgery, and possession of fraudulent documents.
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- The judge adjourned the matter to July 9, 2025, for the hearing of the bail application and September 17, 2025, for the commencement of the trial.
- He allegedly convinced the petitioner and others who were later brought in to invest, that the funds would be used to purchase equity shares in Noblesteed.
- It was further alleged that a total sum of N855 million was paid into Abiodun’s nominated bank account as deposit for shares in the purported capital-raising exercise.
- In response, the defence counsel, Adeyinka Abdulsalam, informed the court that a bail application had already been filed and served.
- Abiodun and his company are facing a 10-count charge bordering on stealing and obtaining money under false pretence to the tune of N855 million.
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The defence counsel, Adeyinka Abdulsalam, informed the court of a bail application already submitted to the prosecution. It follows that the restriction on the freedom to provide services constituted by the legislation on games of chance at issue in the main proceedings is capable of satisfying the requirements of proportionality as laid down in the case-law of the Court. Betano is considered one of the most user-friendly sports betting sites in Nigeria today. The brand has an easy-to-use website and mobile app where players can navigate and place bets seamlessly.
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He additionally assured the petitioner of his long-standing expertise within the business. In keeping with the EFCC, the defendant approached the petitioner in 2021 and launched Noblesteed Nigeria Restricted as an organization engaged within the lottery and gaming enterprise. Abiodun allegedly presented himself as a seasoned player in the gaming industry, convincing the complainant not only to invest but also bring in additional investors.
- However, the EFCC alleged that after receiving the funds, Abiodun failed to refund the investors or deliver on his promises, thereby breaching the terms of the investment.
- Mr Sidi’s charge stated that on or about 15 July 2015, at the EFCC office in Ikoyi, Lagos, he made a false statement to Afeez Mustapha, an investigating officer, claiming he gave over two million United States dollars to Bamidele Ibiteye.
- Dambuwa, requested a trial date and prayed the court to remand the defendant in a correctional facility pending the commencement of trial.
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- Justice Okunuga ordered that Abiodun be remanded at the Ikoyi Correctional Centre pending the hearing of the bail application, which is scheduled for July 9, 2025.
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Mr Sidi faced a single count of making false statements to an EFCC official. “As a sports betting company, whose philosophy is to be a helpful brand, we are very particular about driving impact and doing the right bigibet thing. We are committed to doing something about the potential problems of gambling by educating everyone about responsible play and not shying away from talking about the problems with gambling. First, check to see if the company has a valid betting licence from the Nigerian government Lottery Regulatory Commission. All legal and safe betting sites will have this licence to ensure safer gambling.
Legal Dispute The EFCC accused Michael and his company of engaging in specialized financial services, including investment management, without a valid license. The remand order was granted after Michael’s bail was again denied, following the reading of a seven-count charge before Justice Obiora Egwatu of the Federal High Court, Abuja, at the time. Olukoyede sought the cooperation of critical stakeholders from the entertainment industry, media, legal profession and bureau de change operators as well as security agencies with the EFCC in the fight against naira abuse in the country. They are intended to be used as a complementry resource and therefore you will need to contact your own Diabetes team for any specific medical advice. These films show Laura and Luke managing their Diabetes with the support of their Families.
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In view of this, the petitioner allegedly keyed into it and also got some other people to invest in the Noblesteed. He told the petitioner that he was raising capital for the proposed lottery business and also urged him to invest in Noblesteed’s equity capital. Digibet Casino goes beyond the ordinary with tailored gaming environments that cater to every preference.
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Court orders remand, sets trial dates Following the plea, EFCC counsel A.M. Dambuwa requested the court to remand the defendant in a correctional facility and set a date for trial. In response, the defence counsel, Adeyinka Abdulsalam, informed the court that a bail application had already been filed and served.