Home » EFCC Arraigns Bigibet Promoter, Firm for Alleged N855m Investment Fraud in Lagos

EFCC Arraigns Bigibet Promoter, Firm for Alleged N855m Investment Fraud in Lagos

The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, Wednesday, arraigned one Adepoju Emmanuel Abiodun, promoter of Bigibet, before Justice O.A. Okunuga of the State High Court sitting in Ikeja, Lagos.

Abiodun and his company, Nobelsteed Nigerian Limited, are being prosecuted on a 10-count charge bordering on stealing and obtaining under false pretence to the tune of N855m.

In 2021, he allegedly approached the petitioner to introduce Noblesteed, which he claimed was primarily into gaming business(lottery business).

He told the petitioner that he was raising capital for the proposed lottery business and also urged him to invest in Noblesteed’s equity capital.

It was also alleged that the defendant convinced the petitioner that he had been in the industry for a long time.

In view of this, the petitioner allegedly keyed into it and also got some other people to invest in the Noblesteed.

It was further alleged that a total sum of N855,000,000.00(Eight Hundred and Fifty-Five Million Naira) was paid into Abiodun’s nominated bank account as deposit for shares in the purported capital-raising exercise.

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