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 ACCORD PARTY GARNERS SUPPORT FOR GOVERNOR ADELEKE FOR SECOND TERM Ahead of the August 15th Osun State governorship election, Accord party has urged the people of the state to re-elect Governor Ademola Adeleke, describing his administration as one that has delivered significant progress in infrastructure, education, healthcare, security and workers' welfare. In a statement, the party's National Chairman,  Maxwell Mgbudem, said Governor Adeleke's achievements justify a second term and expressed confidence that voters would support the continuity of his administration. The party also called on the Independent National Electoral Commission and security agencies to remain neutral and ensure a free, fair, credible and transparent election. It further warned against vote buying, insisting that every valid vote must count, and described the Osun governorship election as a key test of INEC's readiness for the 2027 general election.
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EFCC ARRAIGNS MOMPHA’S ASSOCIATE, COMPANIES FOR ALLEGED N206M FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE

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 EFCC Arraigns Mompha’s Associate,  Companies for Alleged N206m Fraud  in Lagos

 

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1,  on Tuesday, January 20, 2026, arraigned one Sarumi Samusudeen Babafemi for an alleged N206,000,000 (Two Hundred and Six Million Naira) fraud before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos.

 

Babafemi alongside his companies, 606 Autos Limited, 606 Music Limited, and Splash Off Entertainment Limited, were arraigned on a five-count charge bordering on conspiracy, concealment, and transfer of proceeds of crime to the tune of N206,000,000 (Two Hundred and Six Million Naira), contrary to Section 332(1) of the Criminal Law of Lagos State, 2011, and punishable under Section 332(3) of the same law.

 

Count one reads:

"That you, Sarumi Samusideen Babafemi, while being the Managing Director and Chief Executive Officer of 606 Autors Limited, 606 Music Limited, and Splash Off Entertainment Limited, conspired with Ismail Mustapha (a.k.a Mompha)now at large, Ridwan Momodu Allison (a.k.a Osama)now at large and Richard Ugbah sometime between 2013 and 2018 in Lagos, within the jurisdiction of this Honourable Court, used your companies to conceal the origin of funds and thereafter transferred the sum of N37,600,000.00( Thirty Seven Million, Six Hundred Thousand Naira) to one Omojadesola Shittu Allison, which you knew or reasonably ought to have known that such fund forms part of the proceeds of an unlawful act". 

 

Count two reads:

"That you, SARUMI SAMUSIDEEN BABAFEMI, while being the Managing Director and Chief Executive Officer of 606 Autos Limited, 606 Music Limited and Splash Off Entertainment Limited, sometime between 2015 and 2018 in Lagos, within the jurisdiction of this Honourable Court, used your company's accounts to conceal the origin of funds and thereafter transferred the sum of N93,000 000.00 (Ninety three Million Naira) to one Olanrewaju Ibrahim Oriyomi, which you knew or reasonably ought to have known that such fund forms part of an unlawful act". 

 

The defendant pleaded “not guilty” to the charges preferred against him when they  were read to him

 

In view of the defendant’s “not guilty” “plea,  prosecution counsel, Ayanfe Ogunsina, asked the court to fix a date for the commencement of trial and also prayed that the defendant be  remanded at a Correctional centre.

 

However,  defence counsel, Kunle Adegoke, SAN, informed the court that he had only received the charge the previous day and had worked overnight to prepare an application for bail, which was already in process. 

 

He, therefore, urged the court to release the defendant to him, assuring the court that he would produce him on the next adjourned date.

 

Justice Oshodi granted the application and ordered that the defendant be released to his counsel upon the filing of an affidavit of undertaking to produce him in court on the next adjourned date.

 

The matter was adjourned till March 24, 2026, for the commencement of trial.x

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