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Kemi Olunloyo’s Brother, Kunle Olunloyo Arrested For Defrauding Bank Of N40Million

Crime News

Kemi Olunloyo’s Brother, Kunle Olunloyo Arrested For Defrauding Bank Of N40Million

kemi oluloyo brother arrested fraud

Ex-Oyo state Governor Omololu Olunloyo’s son, Akinkunle today appeared in court in Igbosere  Lagos over a N40million fraud case.

The former Night Club owner was today charged alongside his company Code Media Limited by Lagos State Police Special Fraud Unit.

According to police investigation, Kunle and some accomplices allegedly approached a bank in November 2014 to request N40 Million loan meant to renovate his night club.

Sadly, he vanished upon receiving the money.

He pleaded not guilty during his court appearance today and was granted bail in the sum of N500,000 with one surety in like sum.

His hearing continues on the 5th of June.

2 Comments

2 Comments

  1. Janet Ibeh

    April 30, 2018 at 6:36 PM

    Why are you hiding his face do u support corruption

  2. Jilo

    May 1, 2018 at 7:25 PM

    Bad article! Banking institutions need to be straight forward in dealing with their customers. why are you making it known to the public that this guy defrauded your bank as in coming into to your bank to present a bad cheque or stealing bank’s money.

    To my understanding, this individual came in to your bank to borrow some money and you gave him a loan. Did you just give him that loan or you demanded for a collateral as it’s been done everywhere? If you get something in return then you can convert that to retrieve your money. As far as I’m concern this is a case of defamation of character. If you banks don’t know how to run a bank, then you don’t have to open one. A lot of people default on their loans that does not makes them criminals. A friend of mine went through similar experience. It is now a trending thing that whenever you owe a Bank in Nigeria, they will call police on you and charge you for defrauding. It makes no sense.

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