Police File Charges Against Fenchurch Energy Nigeria Limited Directors For Allegedly Misleading Court In Shareholding Dispute

The Inspector General of Police (IG) has filed a two-count charge of conspiracy and perjury against a limited liability company, Fenchurch Energy Nigeria Limited, and two of its Directors, Babafunsho Adeyemi and Olufemi Bakare.

The three defendants will be arraigned today before Justice Daniel Osiagor of the Federal High Court in Lagos.

In the two-count charge number FHC/L/265C/2024 filed before the court by the combine team of Police Prosecuting counsel from Legal/Prosecution Section, Kafaru Tinubu House, and Force Headquarters Abuja, Kyije Roland Abang and Chibuike C.Amuka, the defendants, were alleged to have conspired together to commit perjury.

According to the charge, the defendants, Babafunsho Adeyemi, Olufemi Bakare, and their company, sometime in February 2023 conspired together to commit perjury when they, in order to mislead the court, allegedly stated on oath in suit number: FHC/L/CS/319/2023 in paragraph 24 of their affidavit deposed to before the court that “the shareholding of the 1st Plaintiff/Applicant and Bastanchury Limited in the 1st defendant as altered by the Shares Subscription Agreement dated March 15, 2019, ought to be registered at the Corporate Affairs Commission with the relevant documents and filings made thereon.

But same has not been done as the 1st plaintiff and Bastanchury Limited as at January 30, 2023, still has 50 percent shareholding each on the 1st defendant,” facts they knew to be false, and thereby committed an offence contrary to Section 117 and punishable under Section 118 of the Criminal Code Act.

The two counts charge as filed before the court by the police prosecutors state “That you Babafunsho Adeyemi ‘m’ of No. 154, Prince Ade Odedina street, Victoria Island, Lagos, Olufemi Bakare ‘m’ of No. 136 Mandela Estate,Ikoyi in Lagos and Fenchurch Energy Nigeria Limited on or about February 22, 2023, within the jurisdiction of this court did conspire among yourselves to commit felony to wit: perjury, and thereby committed an offence punishable under Section 516 of the Criminal Code Act.

“That you Babafunsho Adeyemi ‘m’ of No. 154, Prince Ade Odedina Street, Victoria Island, Lagos; Olufemi Bakare ‘m’ of No. 136 Mandela Estate,Ikoyi, Lagos and Fenchurch Energy Nigeria Limited on or about February 22, 2023, within the jurisdiction of this court did commit the offence of perjury when you in other to mislead the Court stated on oath in suit no. FHC/L/CS/319/2023 in paragraph 24 of your affidavit deposed before this Honourable Court that “the shareholding of the 1st plaintiff/applicant and Bastanchury Limited in the 1st defendant as altered by the Shares Subscription Agreement dated March 15, 2019, ought to be registered at the Corporate Affairs Commission with the relevant documents and filings made thereon; but same has not been done as the 1st plaintiff and Bastanchury Limited as atJanuary 30, 2023 still has 50 percent shareholding each on the 15th defendant,” facts you know to be false, and thereby committed an offence contrary to Section 117 and punishable under Section 118 of the Criminal Code Act.