The two counts charge of operating illegal business organisations filed against two officials of Oxford International Group Ltd Mr Teniola Adesanya and Mrs Precious Ogun -Micheal and thier company and five other companies by the Federal Government of Nigeria has been adjourned till,8th of May2025 for arraignment.
Meanwhile,the presiding Judge,Dehinde Dipeolu has granted an order directing the publication of a public summons via the following means:
By publishing the Public Summons in a national newspaper circulating within Nigeria,or, By affixing the same on a conspicuous part of the Defendants Last known Addresses,or By affixing same on a conspicuous part of this Honourable Court
The defendants are facing a Two Count Charge bothering on Criminal Conspiracy and Offering for Subscription an unregistered Collective Investment Scheme.
The 6th and 7th Defendants Teniola Adesanya and Mrs Precious Ogun Micheal failed to appear in court for their Arraignment.
In view of the failure of the 6th and 7th defendants to appear before this Court, a bench warrant was issued against the defendants to appear before the court on 28th Day of October, 2024.
The 6th and 7th defendants have since been evading the Warrant of Arrest issued by this Honourable Court and thereby frustrating the administration of justice. The defendants are deliberately avoiding court appearances and services and have refused to make themselves available for service.
The two counts charge as filed before a Federal high court in Lagos by the Deputy Director,Barrister Moshood Adeyemi from the office of the Attorney General of the Federation and minister of Justice are stated below.
COUNT 1
That you Oxford international Group ltd, Oxford Green Farms Integrated Ltd, Oxford Dredging Ltd,Oxford Real Estate& Facility Management Services Ltd,Oxford Commercial Services International Ltd,all of Plot 155,A Close,3rd avenue,Gowon Estate,Egbeda,Lagos Mr.Teniola Adesanya, of 25,Duduyemi Street Lagos,and Mr Precious Ogun -Micheal of 9B Close Gowon Estate,Egbeda Lagos on or between the year 2019 and 2022 within the jurisdiction of this court did commit a felony to wit: Conspired amongst yourselves together with your staff to do an illegal act to lure and offer for subscription an unregistered collective investment schemes namely: Buildvest, Mortgagevest, Agrovest and Dredgevest valued over N30 Billion to the unsuspecting general public including Oyewumi Kazeem, Temitope Grace Obalade, Mrs Lotahukwu Nnamdi-Okafor, Ernest Essuman, Iwunze Henry and others.
You thereby committed an offence contrary to and punishable under section 516 of the criminal code Act,Laws of the Federation of Nigeria, 2004
Count 2
“That you Oxford International Group Ltd, Oxford Green Farms Integrated ltd, Oxford dredging ltd, Oxford Real Estate & Facility Management Services ltd, Oxford Commercial Services International ltd all of Plot 155, A Close, 3rd Avenus, Gowon Estate, Egbeda, Lagos, Teniola Adesanya of No 25, Duduyemi street, Egbeda, Lagos and Precious Ogun-Micheal of No 9 B close Gowon Estate, Egbeda, Lagos, on or between the year 2019 and 2022 within the jurisdiction of this Honourable Court did commit a felony to wit: lured and offered for subscription an unregistered Collective Investment Schemes namely: Buildvest, Mortgagevest, Agrovest and Dredgevest all valued over N30 Billion to the unsuspecting general public including Oyewumi Kazeem, Temitope Grace Obalade, Mrs Lotachukwu Nnammdi-Okafor,
Emest Essuman, Iwunze Henry and others.
You thereby committed an offence contrary to and punishable under section 54 of the Investment and services Act, 2007.
