Rasatech Boss, Alhaji Shotunde Faces Charges Over N332M Fraud 

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A Federal High Court, sitting in Lagos, South-West, Nigeria, has fixed March 15th, 2023, for the arraignment of an Ogun State based Contractor, Alhaji Rasaki Shotunde, and his company, Rasatech Engineering Company, on charges of obtaining by pretence and fraudulent conversion.

When the case was mentioned before Justice Peter Lifu, the defendants were absent in Court, hence the matter was adjourned till March for arrangement.

The dependants are facing a nine-count charge of obtaining money by pretence and fraudulent conversion in suit no. FHC/L//696C/2022 dated 22nd of December, 2022 filed by the Nigeria Police.

According to the Prosecution Counsel, M.A. Animashaun of the Legal/ Prosecution Section, Force Criminal investigation, Department Alagbon, Ikoyi, Lagos, Alhaji Shotunde and his Company sometimes between 27th September, 2021 and 6th July, 2022 within the jurisdiction of the Honourable Court with intent to defraud, obtained payment in the sum of N332-million paid into his account by one, Folashade Balogun, owner of Red Rocks Home international Limited, Amen Estate, Phase 2 Eleko Beach, Lagos State.

It alleged in the charge sheet that the money was obtained under the pretence of installing a dedicated 7.5MVA33 / 11 feeder from Ajah TCN/EKEDC injection station to power the Estate.

The prosecution said the defendants thereby committed an offence contrary to Section 1(b) of the Advance Fee Frauds and other related Offences Act 2006 (as amended) and punishable under Section 1 (3 ) of same Advance Fee Frauds and Other Frauds Related Offences Act 2006 ( as amended).

It was further alleged that the defendants fraudulently converted the monies obtained by pretence to personal use.

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