Adeoye Gabriel Adewale and his company, De Lukas Global Concept Limited, face a one-count charge over an alleged car transaction involving two vehicles

The Economic and Financial Crimes Commission has arraigned Adeoye Gabriel Adewale and his company, De Lukas Global Concept Limited, before the Oyo State High Court in Ibadan over an alleged N7.819 million car transaction fraud.

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The EFCC said the defendants were arraigned on Thursday, August 13, 2026, before Justice Olusola Adetujoye over an allegation that Adewale presented himself as a car dealer and allegedly obtained money from a customer through a purported car mart.

According to the commission, Adewale allegedly persuaded Abdulrasaq Awotedo to pay N7,819,000 for the purchase of two cars.

The payment was allegedly made into the FirstBank account of De Lukas Global Concept Limited, after which the EFCC alleged that Adewale converted the money for personal use.

The N7.8m car fraud case was brought as a one-count charge bordering on stealing by conversion, with the commission alleging that the money belonged to Awotedo.

The charge stated that the alleged offence occurred between October 6, 2021, and March 23, 2022, within the jurisdiction of the court.

The EFCC alleged that Adewale and his company converted the N7,819,000 “to your own personal use”, contrary to Section 390(9) of the Criminal Code Act, Cap C38, Laws of the Federation of Nigeria, 2004.

Adewale pleaded not guilty after the charge was read to him in court.

Following the plea, EFCC counsel, Sanusi Galandachi, asked the court to adjourn the matter for trial and ordered that the defendant be remanded in a correctional centre.

Defence counsel, A. Towolawi, however, told the court that a bail application had already been filed on Adewale’s behalf.

Towolawi urged Justice Adetujoye to grant his client bail pending the hearing and determination of the case.

Justice Adetujoye subsequently adjourned the matter for the hearing of the bail application and ordered that Adewale be remanded at Agodi Correctional Centre.

The case forms part of the EFCC’s continuing prosecution of alleged financial crimes involving deceptive business transactions.

The commission regularly warns members of the public to conduct proper checks before transferring substantial sums to individuals or businesses offering goods and services, particularly where transactions are conducted through informal or unverifiable channels.

In this case, the allegations against Adewale remain unproven. His not-guilty plea means the prosecution must establish its case in court before any finding of criminal liability can be made.

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The next stage of the proceedings will centre on the defendant’s bail application, after which the court is expected to determine how the substantive charge will proceed.