Famous youth pastor arrested with his father for fraud

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Ademola Jayeoba Wales, a well-known youth pastor at the Federal University of Agriculture, Abeokuta (FUNAAB), and his father, Emmanuel Jayeoba, have been charged by the EFCC in front of a Federal High Court in Ikoyi, Lagos.

On Monday, August 1, they appeared in court before Justice I. Nicholas Oweibo.

on two counts of suspected unlawful banking activity.

“That you, Wales Kingdom Capital Limited sometime between October 2019 and December 2020 in Lagos within the jurisdiction of this Honourable Court did carry on banking business without a valid license and thereby committed an offence contrary to Section 2/2) of the Banks and Other Financial Institutions Act, Cap B3, Vol.2, Laws of the Federation of Nigeria, 2004,” reads one of the counts in the complaint.

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