EFCC, Lagos Zonal office, on Thursday, May 24, 2018, arraigned one Michael Obasuyi Osasogie alongside his firms-Platinum Multi-Purpose Co-operative Society, SmartMicro Systems Limited and Platinum Smart Cruise Motors Limited- before Justice Justice Mojisola Dada of the Special Offences Court sitting in Ikeja on a 14-count charge bordering on stealing to the tune of over eleven billion naira (N11, 498, 944, 038.29), an offence which is contrary to Section 285 (1) of the Criminal Law of Lagos State, 2011.
One of the counts reads: "That you, Michael Obasuyi Osasogie, Platinum Multi-Purpose Co-operative Society, SmartMicro Systems Limited and Platinum Smart Cruise Motors Limited, sometime in the year 2016 in Lagos within the jurisdiction of this Honourable Court, conspired to commit felony, to wit: stealing of the sum of N11, 498, 944, 038.29 (Eleven Billion, Four Hundred and Ninety Eight Million, Nine Hundred and Forty Four Thousand, Thirty Eight Naira, Twenty Nine Kobo) property of First Bank Nigeria Ltd."