A Lagos-based couple, Oriyomi and Ruth Idowu, has been arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja over alleged N2.7 billion fraud.

The couple was arraigned by operatives of the Economic and Financial Crimes Commission, EFCC, on Tuesday, November 28, 2023, on 20 count charges bordering on obtaining money by false pretence, money laundering, stealing, retention of stolen property, and forgery to the tune of N2,757,188,000.

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They were arraigned alongside Food Commodity Processing Enterprise, Bonway Food Processing Company Limited, Samee Idowu Company Limited and Farmex Integrated Companies Limited, which all belong to Ruth Idowu.

The defendants pleaded “not guilty” to the charges when they were read to them and Justice Dada adjourned the matter till December 15, 2023 and ordered that the defendants be remanded at the Correctional Centre “pending hearing and determination of their bail applications”.