The Supreme Court has ordered the immediate remand of Lagos-based businessman and socialite, Fred Ajudua, in connection with a $1.43 million fraud case dating back over three decades.
In a unanimous ruling delivered on Friday, the apex court overturned the decision of the Court of Appeal, which had earlier granted Ajudua bail. The court held that the appellate court erred in its judgment and directed that Ajudua be returned to correctional custody without delay.
POLITICS NIGERIA has learned that Ajudua is now in hiding following the court’s decision.
“Ajudua escaped after the Supreme Court ordered that he should be returned to prison,”, a source disclosed and its currently unclear if he is still in Nigeria.
The case, which has spanned more than 30 years, stems from allegations that Ajudua defrauded a German company of $1.43 million through an advance fee fraud scheme—commonly referred to as a “419” scam in Nigeria.
A letter dated August 26, 1993, from the Embassy of the State of Palestine accused Ajudua of obtaining the funds under false pretence from one Ziad Abu Zalaf, a Palestinian businessman based in Germany. The funds were allegedly siphoned under the pretext of business transactions with Nigerian government agencies.
This newspaper gathered that Ajudua and his accomplice, Mr. Joseph Ochunor, fraudulently collected sums of $268,000 and $225,000 from Zalaf on April 2 and May 12, 1993, respectively. They forged official documents, including receipts from the Central Bank of Nigeria and the Nigerian National Petroleum Corporation, to make the transactions appear legitimate.
Following an extensive investigation, a 12-count charge was filed against Ajudua before the Lagos State High Court in Ikeja. Initially arraigned before Justice Josephine Oyefeso, the case was later reassigned to Justice Mojisola Dada following a refiling of charges.
Ajudua’s lawyer, Olalekan Ojo (SAN), later approached the Court of Appeal, where a panel led by Justice Mohammed Garba granted bail on the grounds of constitutional rights and allowed the businessman to continue under his existing bail terms.
However, In its decision on appeal number SC/CR/51/2019, the Supreme Court, through Justice Chioma Nwosu-Iheme, ruled that the Court of Appeal acted outside its jurisdiction by granting bail after striking out Ajudua’s brief of argument for incompetence. The apex court held that any judgment or relief stemming from such a defective brief was legally void.
The Supreme Court further ordered that trial resume before Justice Dada of the Lagos State High Court without further delay.