Skip to content
September 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Court remands 2 men over alleged 14.7m Euros COVID-19 PPE fraud
  • National News

Court remands 2 men over alleged 14.7m Euros COVID-19 PPE fraud

Admin November 2, 2020
Appeal court

Judiciary symbol

A Federal High Court on Monday ordered that two men be remanded in Kuje Correctional Centre for their involvement in a major multi-million Euro scam bordering on procurement of COVID-19 Personal Protective Equipment (PPE).

The Federal Government charged Babatunde Adesanya, a 50-year old graduate of the University of Lagos (UNILAG) and the Managing Director of Musterpoint Investment Nigeria Limited, Akinpelu Abass.

Justice Anwuli Chikere who gave the order, adjourned the matter until Nov. 9 to hear the application for bail.

Earlier, the Attorney -General of the Federation and Minister of Justice Abubakar Malami, SAN, alleged that the defendants were members of a sophisticated transnational criminal network.

The federal government alleged that they cloned the corporate Website of ILBN Holdings BV, Holland to transact with and defrauded a businessman, Freiherr Hahn, a representative of the German State of North Rhine-Westphalia.

In the 10-count charge, the defendants were said to have fraudulently obtained 1.5 million Euros and another 880,000 Euros as advance payment for the supply of COVID-19 PPEs, worth 14.7 million Euros from Hahn.

Adesanya and Abass both pleaded not guilty.

Counsel to the defendants, Ms. Bunmi Aina-Craig, applied for bail for her clients but the prosecution said that they had not been served with the application for bail. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: abubakar malami Akinpelu Abass Anwuli Chikere Babatunde Adesanya Bunmi Aina-Craig ILBN Holdings BV UNILAG

Post navigation

Previous EFCC quizzes Fowler, ex-FIRS Chair, over alleged fraud
Next NCC Approves e-SIM Trial for MTN, 9Mobile to deepen digital economy

Related Stories

NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›
  • National News

NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›

September 13, 2026
Suspected ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌​‍‍​‌‌​alcohol poisoning: Ondo Govt. confirms 29 deaths, 60 cases Ondo state
  • National News

Suspected ​‌‌‌⁠‍‍⁠⁠‌‍⁠‌​‍‍​‌‌​alcohol poisoning: Ondo Govt. confirms 29 deaths, 60 cases

September 12, 2026
FG clears N18bn severance package for 2,700 Nigeria Airways workers
  • National News

FG clears N18bn severance package for 2,700 Nigeria Airways workers

September 11, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Terror Plot: Gov. Adeleke Urges Osun Residents to Report Suspicious Activities as DSS Uncovers Security Threat
  • Metro News

Terror Plot: Gov. Adeleke Urges Osun Residents to Report Suspicious Activities as DSS Uncovers Security Threat

September 13, 2026
My Desk Is Enough: What Achebe’s Things Fall Apart Teaches Us About the Sundiata Post Model, By Max Amuchie
  • Commentaries

My Desk Is Enough: What Achebe’s Things Fall Apart Teaches Us About the Sundiata Post Model, By Max Amuchie

September 13, 2026
NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›
  • National News

NDLEA intercepts colos shipments from UK, uncovers opioids in loaves of bread, speakers‹›

September 13, 2026
NDLEA intercepts Colos shipments from UK, opioids hidden in loaves of bread, speakers
  • Crime and Justice

NDLEA intercepts Colos shipments from UK, opioids hidden in loaves of bread, speakers

September 13, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.