The Economic and Financial Crimes Commission, EFCC, on Tuesday, May 20, 2025, arraigned two companies, JBA Advisory Limited and Platform Capital Investment Partners Limited, before Justice Olubusola Okunuga of the Lagos State High Court sitting in Ikeja over alleged financial fraud involving the sum of N47.9 million and $300,000.
The anti-graft agency dragged the firms before the court on a two-count charge bordering on dishonestly retaining stolen property, an offence contrary to Section 328 of the Criminal Law of Lagos State, 2015.
According to the charge, JBA Advisory Limited, between August 4 and November 23, 2023, dishonestly retained the sum of N46,905,000.00 (Forty-Six Million, Nine Hundred and Five Thousand Naira) in its Providus Bank account, property said to belong to Dargos Homes Investment Limited.
Similarly, Platform Capital Investment Partners Limited is alleged to have, on September 30, 2022, dishonestly retained the sum of $300,000.00 (Three Hundred Thousand United States Dollars) in its Zenith Bank domiciliary account, also property of Dargos Homes Investment Limited.
During the court proceedings, JBA Advisory, represented by its Managing Director, Akintola Adesanmi Ayodele, entered a guilty plea. On the other hand, Platform Capital, represented by its Chief Operating Officer, Adesolabomi Adedeji, pleaded not guilty to the charge.
Following the not-guilty plea, the prosecution counsel, H.U. Kofarnaisa, opened the case by calling a witness, Lawal Hamza, an operative of the EFCC. The witness reviewed the facts of the case, and the prosecution tendered several documents in evidence.
Justice Okunuga adjourned the matter to June 17, 2025, for a report on the plea bargain process sought by JBA Advisory and the commencement of trial in respect of Platform Capital.
