A Lagos State Special Offences Court sitting in Ikeja has ordered the remand of Nigerian-American car dealer Oluwatobi Adegoke at the Kirikiri Maximum Security Correctional Centre over an alleged $680,000 vehicle-import fraud.
Justice Olubunmi Abike-Fadipe issued the order on Friday following Adegoke’s arraignment by the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on a one-count charge of stealing.
According to the EFCC, Adegoke was arrested in July 2026 over an alleged cross-border scheme involving the purported purchase and importation of luxury vehicles from the United States to Nigeria.
Investigators reportedly linked him to a US-based syndicate allegedly targeting Nigerians seeking to purchase vehicles abroad. The commission alleged that Adegoke, while residing in the United States, circulated photographs of a 2024 Mercedes-Benz G63 AMG to prospective buyers, claiming he could procure and ship the vehicle to Nigeria.
The EFCC further alleged that two victims paid more than $320,000, equivalent to approximately ₦434.88 million, in connection with the transaction. However, the charge before the court cited an alleged theft of $680,000 belonging to Ikechukwu Osita Ifeabunike.
According to the charge, the money was transferred to the bank account of Adegoke’s company, Omosco Auto Sales LLC, for the purchase of a 2022 G-Wagon from an individual identified as Mr Robinson. The alleged offence is punishable under Sections 278(1)(b) and 285(1)(a) of the Criminal Law of Lagos State, 2015.
Adegoke pleaded not guilty to the charge. Following the plea, EFCC counsel Arazeem Adebayo urged the court to fix a trial date and remand the defendant. Defence counsel Olalekan Abiodun, whose earlier objection to the arraignment was overruled, subsequently asked the court to keep his client in EFCC custody pending the filing of a bail application.
The judge rejected the request and ordered that Adegoke be remanded at the Kirikiri Maximum Security Correctional Centre. The court adjourned the case until January 13, 2027, for the commencement of trial. The allegations against Adegoke remain subject to judicial determination.
