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Why Fred Ajudua might rot in jail

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Fred Ajudua

Fred Ajudua

Indications are that alleged fraudster Fred Ajudua might not smell freedom in a long time to come.

Ajudua is currently being remanded in Kirikiri Maximum Prison for defrauding former Chief of Army Staff, Lt.-Gen. Ishaya Bamaiyi (rtd.), of about $8.395m (about N1.3 billion).

Ajudua; is currently responding to a case of alleged fraud before Justice Oluwatoyin Ipaye. The 13-count charge case of fraud was brought against him by the Economic and Financial Crimes Commission (EFCC).

The EFCC in the fresh charges dated 14 October, 2013, alleged that Ajudua, along with others still at large, defrauded Gen. Bamaiyi of $8.387m between November 2004 and June 2005 while in the Kirikiri Maximum Prison where he and other suspects were in detention.

Other suspects said to be on the run, are Alumile Adedeji (a.k.a Ade Bendel), Mr. Kenneth and Princess Hamabon William.

EFCC claimed that the suspects had fraudulently collected the money from Bamaiyi instalmentally, falsely claiming that the payments represented the professional fees charged by Chief Afe Babalola (SAN) to handle Bamaiyi’s case in court and to facilitate his release from prison.

The anti-graft agency also alleged that Ajudua and others fraudulently claimed that $1m out of the total money collected from Bamaiyi was for financial assistance for the treatment of Justice Olubunmi Oyewole’s father. Justice Oyewole was then presiding over Bamaiyi’s case in court.

The suspects were said to have told Bamaiyi that Oyewole’s father was admitted at Saint Nicholas Hospital in Lagos and the $1m was meant to assist the judge in treating his father.

Another case which is likely to see Ajudua spend more time in jail is that where he is alleged to have defrauded two Dutch businessmen, Remy Cina and Pierre Vijgen, of $1.69m (about N270m). The matter has been on since 2003.

If Ajuda is found guilty on both cases he would be spending a very long time in jail.

Additional Information: PM News

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