The Economic and Financial Crimes Commission, EFCC, today, August 1, 2022, arraigned one Emmanuel Jayeoba and his son, Ademola Jayeoba Wales, before Justice I. Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos on a two count charge bordering on illegal banking activities.
One of the count reads, “that you, Wales Kingdom Capital Limited sometime between October 2019 to December 2020 in Lagos within the jurisdiction of this Honourable Court did carry on banking business without a valid license and thereby committed an offence contrary to Section 2/2) of the Banks and Other Financial Institutions Act, Cap B3, Vol.2, Laws of the Federation of Nigeria, 2004”.
The second count reads, “that you, Adewale Daniel Jayeoba, Emmanuel Jayeoba And Wales Kingdom Capital Limited whilst being Directors of Wales Kingdom Capital Limited sometime between October 2019 to December 2020 in Lagos within the jurisdiction of this Honourable Court knowingly consented to the carrying on of banking business without a valid license by the Company and thereby committed an offence contrary to section 2/2) and 49(1) of the Banks and Other Financial Institutions Act, Cap B3, Vol.2, Laws of the Federation of Nigeria, 2004”.
Get Instantly Update By: Joining Our Whatapps and Telegram Channel
They pleaded not guilty to the offence.
In view of their pleas, the prosecution counsel, Chinenye Okezie asked the court for a trial date and their remand in a correctional facility.
However, counsel to the defendants, Olaniyi George informed the court of a bail application and prayed that his clients be remanded in the custody of the EFCC pending the hearing of the application.
Justice Oweibo adjourned the case to Wednesday, August 3, 2022 for hearing of the bail application and ordered the remand of the defendants in the EFCC custody.
Before he was Apprehended by Economic and Financial Crime (EFCC), He has Scam Almost 16.6b naira According to the information obtain from the Customer.
Wales kingdom capital and adeprinz scammed almost everyone in Ogun state, roughly 16.6b disappear just like that including me and my guys over 20m they were buying cars snatching babes with iPhone 12, spraying #500 bundle new notes at royal mandalin, 50 vsop chai flexing with people’s hard earn money, they once pulled up in rolls Royce, got excort, young guys, we were actually living in the same area all of a sudden they became self acclaim forex guru, I will never involve myself in online business never again, e better to go do farming than losing your money to this guys Shalom.
According to Post on Nairaland “Mr Dam” Wrote;