A Lagos-based businessman, Adesiyan Kayode Olayinka, was yesterday arraigned before Justice Chukwujekwu Aneke of the Federal High Court in Lagos over an alleged N230 million foreign exchange investment fraud said to have involved the use of an Artificial Intelligence (AI)-cloned image of Labour Party’s 2023 presidential candidate, Peter Obi.
Olayinka was docked on a six-count charge filed by the Federal Republic of Nigeria bordering on conspiracy, obtaining money by false pretence, fraudulent advertisement and stealing, contrary to the provisions of the Advance Fee Fraud and Other Related Offences Act, 2016, and the Criminal Code Act.
After the charges were read to him in open court, the defendant pleaded not guilty to all six counts.