The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office on Monday, January 22, 2018 arraigned one Oladipo Olutope before Justice M. L. Owolabi of the State High Court sitting in Iyaganku, Ibadan, Oyo State, on a 4-count charge of fraud. Oladipo allegedly sometimes in May 2015, lured a complainant who is based abroad into investing in a phony business. He allegedly leveraged on his position as a spiritual adviser to the victim, to deceive him to make some investments in Nigeria, while promising to manage the business for him pending his return to Nigeria. It was further alleged that between 2015 to 2016, the victim sent a sum of N16,050,000 (Sixteen Million, Fifty Thousand Naira) to the defendant to buy a parcel of land in Ibadan; establish a Garri Processing Plant and buy a truck as well. But the defendant allegedly failed to carry out the investment plans, and converted the money to personal use.The offence contravenes Section 390 of the Criminal Code, Cap 38