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In Lagos Estate manager arraigned for converting dead client's N33.7m, properties for personal use

The family insists that the accused, who is their late father’s estate trustee converted their father’s monies and properties to his personal use and sold others out without the consent of the family.

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Estate manager arraigned for converting dead client's N33.7m, properties for personal use play

Estate manager arraigned for converting dead client's N33.7m, properties for personal use

(pulse.ng)
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An estate manager in charge of the estate of the late Mr. Abiodun Toma Ikomi, has reportedly been arraigned before a Lagos Magistrates’ court for allegedly converting the monies and properties of the deceased, comprising about N33.7m, five cars, 97 shops, buildings and parcels of land to his personal use.

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According to PM News, Police prosecutor, Inspector Amedu Adoga, informed the court  that the accused, Mr Adebayo Shogeyinbo, was arrested following a complaint lodged by the family of the late Ikomi.

The family insists that the accused, who is their late father’s estate trustee converted their father’s monies and properties to his personal use and sold others out without the consent of the family.

Amedu reportedly revealed to the court that the accused between November 2000 and October, 2013 converted the sum of N10m at Eko International Bank Plc, N3.7m at Union Bank of Nigeria Plc, Garki, Abuja Branch, N20m gratuity and benefits domiciled at First Bank of Nigeria Plc, Sapele, Delta State Branch, all properties of the deceased to his personal use, neglecting the family of the deceased.

Mr Shogeyinbo is also accused of converting five cars and selling 97 shops at Iweju International Market, Iyana-Iba, Ojo, Lagos, Duplex building at Ugbiyi GRA, Sapele, Delta State, vacant parcel of land at Ugbiyi GRA, Sapele, Delta State, two buildings at Plot 19, Block X11 Gwagwalada, FCT, Abuja, plot No. M4-24L at Delta Steel, 1000 priority housing scheme, Ovian, Aladja, Delta State and a building at B Plot 72, Ikomi Street, Lekki Phase 1, Lagos, properties of the deceased to his personal use.

The accused also reportedly concealed the age of Tosan Toma Ikomi with the intention to sell the property at Ugbiyi GRA, Sapele, Delta State willed to Tosan Toma Ikomi by his late father.

Mr Shogeyinbo denied the police allegations in open court, with the magistrate, Mrs. O.G. Oghre, admitting the accused to bail in the sum of N500,000 with two sureties in like sum.

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Oghre has reportedly adjourned the case till 4 December, 2015 for mention, while the defendant has been taken to Ikoyi Prison, Lagos pending when he will fulfill his bail conditions.

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