Justice Dada Dismisses Bail Application of Alleged Fraud Kingpin Fred Ajudua

Strategic Insights -

Justice Mojisola Dada of the Lagos State Special Offences Court has dismissed a bail application filed by alleged fraud kingpin Fred Ajudua, citing incompetence. Ajudua, who had been arraigned in 2004 for allegedly obtaining $1.046 million from a German, Zaid Abu Zalaf, sought permission to travel out of the country on health grounds. However, the judge ruled that she could not entertain the bail application since Ajudua is currently before the Supreme Court seeking similar reliefs.

Key Takeaways:

  • Fred Ajudua's bail application was dismissed by Justice Mojisola Dada due to incompetence.
  • Ajudua has been arraigned by the Economic and Financial Crimes Commission (EFCC) on a 12-count charge of fraud and conspiracy.
  • The alleged scam involved forging receipts from the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC) to lend credibility to the scam.
  • Ajudua had pleaded not guilty to the charge.
  • The court admitted two documents as exhibits but rejected a third and fourth document, including CBN documents and forensic analysis.
  • The case has been adjourned until October 31 for the continuation of the trial.

Statistics:

  • Ajudua allegedly obtained $1.046 million from Zaid Abu Zalaf.
  • The alleged scam involved forgery of receipts from the CBN and NNPC.
  • Ajudua has been arraigned before the Supreme Court seeking similar reliefs.
  • The EFCC has been investigating the case since 2005.
  • The forensic analysis was dispatched to a laboratory in Abuja in July 2013.

Sources:

  • Leadership Newspaper, Copyright 2025.
  • AllAfrica Global Media (allAfrica.com).
  • Supreme Court of Nigeria.