Lagos Big Boy, Sennaike Opeolu, in Trouble for Alleged $5m, N800m Investment Scam


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By Our Reporter

The Economic and Financial Crimes Commission, EFCC, has arraigned Sennaike Opeoluwa before the Lagos State High Court sitting in Ikeja on a six-count charge bordering on obtaining money by false pretence, forgery, and possession of false documents.

Opeoluwa was arraigned alongside his firm, Sennaike Consulting Limited, before Justice O.A. Okunuga for allegedly fraudulently obtaining sums of $5 million and N800 million from unsuspecting members of the public.

Opeoluwa pleaded “not guilty” when the charges were read to him.

Against this background, the prosecution counsel, Ahmed Yerima, asked the court for a trial date and the remand of the defendant.

The defence counsel, Akeem Akinroye, however, made an application for bail for his client, arguing that “he doesn’t constitute a flight risk.”

The judge, however, noted that the court was a court of records.

The defendant was ordered to be remanded at the correctional centre, pending when a formal bail application would be brought before the court.

The case was adjourned until June 28, 2023, for trial.


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