Gospel Artist Arrested In N40m Fraud Case

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35-year-old Gospel musician Olalekan Opaleye has been arrested for allegedly defrauding a 75-year-old London based Nigerian pensioner, Michael Shote, in the amount of N40 million. 

Shote, who retired from a telecommunications company in London, had sponsored the gospel musicians career financially. Prior to becoming a gospel musician, Opaleye had been a taxi driver until his music career was boosted by Shote. 
According to reports, Opaleye, in July 2013, approached Shote and told him that the former Senate President, David Mark, allegedly wanted to give a contract to his friend to supply 20,000 laptops and freezers, among others, to the National Assembly.

He somehow managed to persuade Shote to invest in the deal and reportedly collected the money at various times between July 2013 and April 2015 with the promise that he wanted to use it to facilitate the contract.

However in April 2015, things all went south went Shote insisted on seeing documents backing the contract but Opaleye was unable to produce them. 

Opaleye was arraigned before an Ikeja Magistrate’s Court on three counts of fraud and stealing. He pleaded not guilty.

The presiding magistrate, Y.O. Aje-Afunwa, admitted him to bail in the sum of N1m with two sureties in like sum while the case was adjourned till November 16, 2015.

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