The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Friday , October 24, 2025, arraigned one Martins Morakinyo for an alleged N13m theft before Justice R. A. Oshodi of the Lagos State High Court sitting in Ikeja, Lagos.
Morakinyo was arraigned on a three-count charge bordering on stealing , obtaining property by false pretence and conspiracy to steal to the tune of N13 million.
One of the counts reads: “ Martins Morakinyo (Trading under the name and style of Refined Edge Concept) and Tope Afolabi (at large) sometime in 2024 in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted the sum of N13,283,750.00 (Thirteen Million, Two Hundred and Eighty-Three Thousand, Seven Hundred and Fifty Naira) property belonging to Jawo Technologies and Innovative Solutions Limited.”
The defendant pleaded “not guilty “ to the charge when it was read to him.
In view of this, prosecution counsel, A. A. Usman, asked the court for a trial date and also prayed for the remand of the defendant in a Correctional Centre.
Counsel to the defendant, B.J. Fayemi, prayed the court for a date to move an application for bail on behalf of his client.
Justice Oshodi adjourned the case till November 7, 2025 for the hearing of the bail application and December 9 and 12,2025 the commencement of the trial.
The Judge also ordered the defendant to be remanded at the Maximum Correctional Centre, Kirikiri, Lagos.
