BY PAUL IYOGHOJIE
The Managing Director of Fincon Commodities Trading Limited, Adelore Adebayo, 57, has been arrested by the operatives of the Nigeria Police Zone 2 Command, Lagos and charged before a Lagos Magistrate’s Court for allegedly conniving with other directors of the Company (still at large) to allegedly used his firm to obtaining the sum of N700,000,000 from the management of Afrinvest Services Limited under false pretense.
Police alleged that the defendant allegedly collected the money from the complainant with the agreement of using the money as working capital with the promised to pay back the money as agreed, but that the defendant fail to use the money for the purpose he obtained it from the complainant and instead he allegedly diverted the money to his personal use through the accounts of the other directors of the Company now at large.
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