Estate Manager converts dead man’s N33.7m, properties

A trustee to the estate of the late Mr. Abiodun Toma Ikomi, Adebayo Shogeyinbo has been arraigned before a Lagos Magistrates’ court for allegedly converting the monies and properties of the deceased, comprising about N33.7m, five cars, 97 shops, buildings and parcels of land to his personal use.

PM News reports that Police prosecutor, Inspector Amedu Adoga informed the court  that the accused, was arrested following a complaint by the family of the late Ikomi that the accused, who is their late father’s estate trustee converted their father’s monies and properties to his personal use and sold others out without the consent of the family.

Amedu told the court that the accused between November 2000 and October, 2013 converted the sum of N10m at Eko International Bank Plc, N3.7m at Union Bank of Nigeria Plc, Garki, Abuja Branch, N20m gratuity and benefits domiciled at First Bank of Nigeria Plc, Sapele, Delta State Branch, all properties of the deceased to his personal use and neglected the family of the deceased.

He said the accused also converted five cars and sold 97 shops at Iweju International Market, Iyana-Iba, Ojo, Lagos, Duplex building at Ugbiyi GRA, Sapele, Delta State, vacant parcel of land at Ugbiyi GRA, Sapele, Delta State, two buildings at Plot 19, Block X11 Gwagwalada, FCT, Abuja, plot No. M4-24L at Delta Steel, 1000 priority housing scheme, Ovian, Aladja, Delta State and a building at B Plot 72, Ikomi Street, Lekki Phase 1, Lagos, properties of the deceased to his personal use.

Amedu said the accused also concealed the age of Tosan Toma Ikomi with the intention to sell the property at Ugbiyi GRA, Sapele, Delta State willed to Tosan Toma Ikomi by his late father.

The accused denied the police allegations in the open court, and magistrate Mrs. O.G. Oghre admitted the accused to bail in the sum of N500,000 with two sureties in like sum.
Oghre adjourned the case till 4 December, 2015 for mention, while the defendant was taken to Ikoyi Prison, Lagos pending when he will fulfill his bail conditions