By Gwurld4026 
Breaking: Obanikoro’s Son to be Arraigned by Police for Alleged N1.3 Billion Fraud
Gbolahan Obanikoro, son of Senator Musiliu Obanikoro, is scheduled to be arraigned on February 27, 2025, at the Federal High Court in Lagos over allegations of a ₦1.356 billion fraud. The other defendants in the case are Adejare Adegbenro, Balmoral International Limited, M.O.B. Integrated Limited, and DDSS International Company Limited. They face charges including conspiracy, obtaining by false pretenses, false representation, and fraud.
According to the Special Fraud Unit of the Nigeria Police Force, the defendants allegedly conspired between May and September 2013 to fraudulently obtain ₦1.356 billion from Access Bank Plc (formerly Diamond Bank). They purportedly misrepresented themselves as being in the business of importing cars from Dubai and claimed the funds were needed to finance the importation of new vehicles for resale. The funds were allegedly misappropriated and converted for personal use.
The arraignment was initially scheduled for January 24, 2025, but was postponed due to the defendants’ absence in court. Justice Ambrose Lewis-Allagoa has directed the prosecution to ensure personal service of the charges on the first and second defendants to facilitate their appearance at the next hearing