Semasa is standing trial alongside one Afolabi Kazeem on seven counts of conspiracy, cheating, stealing, forging of company resolution and fraudulent disposal of trust property. According to the police Special Fraud Unit’s prosecutor, Mr O. O. Olabisi, the prince fraudulently converted N500m property belonging to the late king’s estate between 2000 and 2017. He added that while he was auditing the accounts, Semasa was uncooperative and refused to provide necessary documents relating to the estate to auditors. “By virtue of my training as a chartered accountant, I discovered that there were many deposits into accounts that were not connected to the estate. The presiding judge, Justice Oluwatoyin Taiwo, adjourned the case till February 13 for the continuation of trial.

Source: Punch February 12, 2019 01:30 UTC