Biodun, the first son of the Chairman of Miccom Cables and Wire is undergoing prosecution for Subsidy Fraud
He faces an 11 count charge for fraud and abuse of petroleum support fund to the tune of N735million.
He is tied with Adegbite adetoye of Orgin Oil and Gas Limited in the case.
The duo risks minimum of ten years imprisonment if found guilty.
Information filtering in have that since the arrest of Biodun by anti graft agency Economic and Financial Crimes Commission for the offence, he has been afflicted with pains of the dread of unfavourable outcome of the case.
This is said to be against the background that Biodun is just recovering from an earlier brush with the authority.
Information monitored on online platform papermache disclosed he was fingered in the infamous arms deal scandal along with a company linked to him Berwick Integrated Limited.
‘’Worry over all these things are proving too much for chief Ponle’’ a source claimed.
Societynow learnt the worry and fear for the safety of his son currently in detention as case against him progresses is creating huge emotional trauma for the Miccom boss.
‘’This is especially so because since the death of his wife, Olufunke not too long ago, chief Ponle has come to rely on the company and companionship of his first embattled first son, Biodun’’ a source claimed.
