A businessman based in Lagos, John Ibe Nnadozie, has been remanded at the Ikoyi Correctional Centre after being dragged before the Igbosere Magistrate’s Court, sitting at Tinubu, over an alleged diesel fraud amounting to ₦11 million.
Nnadozie is accused of fraudulently obtaining 9,167,000 litres of diesel—worth approximately ₦11 million—from Obededom Oil and Gas Limited under a business agreement he allegedly failed to honour. According to the prosecution, Nnadozie had assured the company’s manager, Ajayi Segun, that he would sell the product and remit the proceeds. Instead, he allegedly sold the diesel, pocketed the funds, and went off the radar.
The case took a new turn after a petition was submitted to the Assistant Inspector General of Police, AIG Adegoke Fayoade of Zone 2 Command, prompting a swift investigation. Police operatives tracked down and arrested the suspect after a period of evasion.
Nnadozie was arraigned on a three-count charge that includes obtaining goods under false pretence, theft, and supplying false information. The charges, filed under charge number P/25/2025, were read by Police Prosecutor ASP Jimoh Joseph.
According to the prosecution, the alleged fraud occurred in March 2024 at No. 20 Oredayo Street, Agege, Lagos. The offences are in violation of Sections 411, 314, 287, and 96(a) of the Lagos State Criminal Law, 2015.
Nnadozie pleaded not guilty to the charges.
Presiding Magistrate granted him bail but ordered that he be remanded in custody pending the fulfilment of the bail conditions. The case has been adjourned to a future date for further hearing.
