The operatives of the Police Special Fraud Unit PSFU Ikoyi Lagos, has filed a criminal charge against a company, Greystone Partners Limited and its four directors before a Federal High Court, Lagos, over alleged conspiracy, Issuance of dud cheques, obtaining by false pretence, fraudulent business practices and N40 million fraud.
The four directors charged alongside the firm are: Mr. Suomobroto Ganguly, Olorogun Oghenetega Emerhor, Folabi Ayoola and Folabi Esan.
Greystone Partners Limited and its directors were charged before the court presided over by Justice Daniel Osiagor in a six count-charge charge marked FHC/L/1156c/2025.
The prosecutor, Barrister Achi Caleb, in the charge, alleged that the firm and its directors committed the alleged infractions on or before September 4, 2025.
The prosecutor also alleged that the defendants conspired with a company, Adlevo Capital Limited and other persons currently at large to commit the linked to a loan transaction with Simple Finance Company Limited.
The prosecutor told the court that the defendants and others now at large unlawfully deprive Simple Finance Company Limited of the sum of N40 million, under false pretence of securing a loan but failed to fulfilling the agreed repayment obligations.
The prosecution also alleged that the defendants after failing to refund the money to the victim, issued several cheques which were rejected when presented for withdrawal.
The prosecutor said the alleged offences are contrary to Sections 2 and 1(b) of the Dishonoured Cheques (Offences) Act, Cap DII, Laws of the Federation of Nigeria, 2004; Sections 517 and 490 of the Criminal Code Act, Cap C’38 Laws of the Federal Republic of Nigeria, 2004 as applicable in Lagos State; Sections 8(1) and 1(a) and punishable under Section 1(3) of the Advance Fee Fraud And Other Related Offences Act, 2006.
Meanwhile, due to inability of the Police to serve the charges on the defendants as they were alleged to be evasive, the prosecutor has filed a motion ex-parte dated February 27, 2026, wherein he sought to serve the defendants by substituted means.
The motion according to the prosecutor is pursuant to Sections 124, and 382(5) of Administration of Criminal Justice Act, 2015, Section 6(6(B) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and under the court’s inherent jurisdiction.
Specifically, the prosecutor is asking for the followings: “an order of the Court granting leave to the Complainant/Applicant for “order of substituted Service on the DefendantS/ Respondents herein.
“An order of thie court to serve on the defendants/respondents herein the originating process [Charge No: FHC/L/1150c/2025 Commissioner of Police [PSFU] Vs. Greystone Partners Ltd & 4 Ors, By serving same on the legal practitioners representing the defendants/respondents in this matter from police investigation to Appellate level, at their law offices as follows: i. The defendant’s/resondent’s counsel at Appellate level: Adeleke Agbola, SAN. (Pylon Chambers), Suite 4, 2nd Flood, Onigbagbo House, Mobolaji Bank, Anthony way, Ikeja, Lagos. Email: Olugbenga.dosumu(@gmail.com/enochdosumuesq@yahoo.com. ii. The Defendant’s/Respondent’s Counsel at trial level: Muyideen Aderounmu, Matrix-Solicitors, 9A, Kwara Street, Osborne Foreshore Estate, Ikoyi, Lagos. 02016320148/ 0201 6320140, info@matrixsolisitors.com / 08083965677
Legal mail: Alphonsus.inegbedion@nigerianbar.ng
“An order of the Court for issuance of hearing notices in this matter, on the Defendants/ Respondents. And any other order(s) as the honourable court may deem fit to make in the circumstances.”
The prosecutor also listed four grounds on which the motion is predicted upon, which are: “The defendants/respondents cannot be reached and therefore made it impracticable to serve on them the processes in this matter in person(s).
“The, respectful leaner counsel, sought to serve this processes on, are representing the defendants/respondents in the civil suits emanated from this criminal matter at various levels since at the stage of police investigation to appellate level.
“The court has both the equitable and statutory jurisdiction to grant the orders as appears on the face of this application.”
Some of the charges against the defendants read: “that you Greystone Partners Ltd, Mr. Suomobroto Ganguly, Olorogun Oghenetega Emerhor, Folabi Ayoola, on or before the 4th day of September, 2025 within the Lagos Judicial Division, conspired with Adlevo Capital Ltd and others at large, to commit a felony to wit; issuance of dud cheques to Simple Finance Company Ltd with total face value of about Forty Million Naira (N40, 000, 000.00K) Only, and thereby committed an offence punishable to Section 2 of the Dishonoured Cheques (Offences) Act, Cap D1I, Laws of the Federation of Nigeria, 2004.
“Greystone Partners Ltd, Mr. Suomobroto Ganguly, Olarogun . Oghenetega Emerhor, Folabi Ayoola and others at large, on or before the 4th day of September, 2025 at No. 67E Kofo Abayomi Street, Victoria Island, Lagos, trialable within the Lagos Judicial Division, with intent to defraud Simple Finance Company Ltd the total sum of about Forty Million Naira (N40, 000, 000. 00K) Only, did maliciously change your business address, and thereby committed an offence punishable to Section 490 of the Criminal Code Act, Cap C’38 Laws of the Federal Republic of Nigeria, 2004 as applicable in Lagos State.
“Greystone Partners Ltd, Mr. Suomobroto Ganguly, Olorogun Oghenetega Emerhor, Folabi Ayoola and others at large, on or before the 4th day of September, 2025 at No. 67E Kofo Abayomi Street, Victoria Island, Lagos, trialable within the Lagos Judicial Division, with intent to defraud Forty Million Naira (N40,000,000.00K) Only, from Simple Finance Company Ltd, under thé false – pretence of obtaining loan facility from it, Knowing same to be false, and thereby committed an offence contrary to Section 1(a) and punishable under Section 1(3) of the Advance Fee Fraud And Other Related Offences Act, 2006.”
