by Admin | May 19, 2017 | Blog |
Follow @NigeriaPI Two former directors of the defunct Integrated Microfinance Bank Plc. were granted bail on Thursday by a Federal High Court in Lagos over alleged $166m fraud. The accused persons: Ademola Akinteye (Managing Director) and Gabriel Adepoju, (Director), are facing a 10-count bordering on fraud. They, however, pleaded not guilty to the charges. The trial judge, Justice Mojisola Olatoregun, granted them bail in the sum of N10m each with two sureties each in like sum. The judge also ordered that the two sureties must not be lower than executive directors in a known financial institution. He also ordered that the sureties must depose to an affidavit of means with evidence of three years tax payment. The court, however, ordered their remand in custody pending the perfection of their bail terms and fixed June 16 for the substantive trial of the accused. In the charge marked, FHC/L/234c/16, the accused were alleged to have recklessly and without collateral, approved credit facilities to themselves to the tune of over $166m and N33.3m. The first accused, Akinteye, was alleged to have at different times withdrawn N11m from the bank’s account and diverted it into a company’s account named, Deblad Nigeria Ltd. He was also alleged to have unlawfully withdrawn about $166m and remitted same to the account of one Temitope Muhammed. The second accused, Adepoju, was alleged to have withdrawn N22.3 million and diverted same to a company named, Gad Press Ltd. According to the prosecutor, A. I. Charles-Okoli, the offences contravened the provisions of Sections 18 (1)(a) and 18(3) of the Banks and other Financial Institution Act Laws of the Federation...
by Admin | May 18, 2017 | Blog |
Follow @NigeriaPI An Ijede Magistrates’ Court in Ikorodu, near Lagos has sentenced two brothers to 42 months in prison for breaking into three shops. The Chief Magistrate, R. O. Davies, told the convicts on Friday: “the two of you sound enlightened and ought not to see crime as a way out of hardship. “The two of you have pleaded guilty to the first two counts levelled against you and therefore, will face the punishment for that. “Crime is not the way out of difficult situations and cannot be excused on any ground. “Having admitted to two out of the three counts, I sentence you each to six months in prison on the first count and three years each on the second count,’’ Davies ruled. He also ordered that trial on the third count, which the convicts did not admit to, would continue as they served their sentences. Earlier, Jundullah Mohammed, 26, and Jamiu Mohammed, 23, had pleaded guilty to two out of three counts brought against them. The convicts were arraigned on three counts of burglary, stealing and breaking and entry. They, however, did not admit to the count of stealing N4, 000 in the course of committing the offences. But, the Prosecutor, Insp. Isaac Aminu, had told court that the convicts committed the offences on May 1 at about 1:30 a.m. He said that the crime was committed at Omotoro area of Ijede Road in Ikorodu. “They did break into three shops belonging to three women, Precious Chidi, Fadeke Opera and Omotola Martins. “And amongst their crimes was stealing of N4, 000. He said that the offences contravened...
by Admin | May 18, 2017 | Blog |
Follow @NigeriaPI The defendants were docked for allegedly collecting the sum of N111,500,000.00 as a bribe during the weeks leading to the 2015 presidential election. Justice P.I. Ajaku of the Federal High Court sitting in Benin City, Edo State on Thursday ordered that the duo of Uluocha Obi Brown, an Administrative Secretary of the Independent National Electoral Commission (INEC), Delta State and Percy Okojie, a renown legal practitioner and former President, Rotary Club, Benin-City be remanded in prison custody, following their arraignment before her by the Economic and Financial Crimes Commission (EFCC) on an 8-count amended charge, bordering on conspiracy and money laundering to the tune of N 111,500,000 (One Hundred and Eleven Million, Five Hundred Thousand Naira only). The defendants were docked for allegedly collecting the sum of N111,500,000.00 as a bribe during the weeks leading to the 2015 presidential election. They are among the over 100 INEC Officials that allegedly collected part of the $115million (N23bn) disbursed by a former Minister of Petroleum Resources, Diezani Alison- Madueke, during the countdown to the 2015 presidential election. Brown was arrested sometime in 2016, following an intelligence received by the EFCC on the activities of some INEC Staff, who allegedly connived with the West African Network of Election Observers (WANEO), a Non-Governmental Organisation (NGO), in defrauding the Federal Government huge sums of money, running into billions of Naira during the 2015 general elections. Count one of the charge read: “That you Uluocha Obi Brown and Percy Okojie and others now at large on the 27th day March, 2015 at Benin within the jurisdiction of this Honourable Court did conspire among...
by Admin | May 18, 2017 | Blog |
Follow @NigeriaPI A 45-year-old man, Kayode Oladapo, who posed as a travel agent, was on Friday hauled up before an Abeokuta Magistrates’ Court for allegedly obtaining N300,000 from a woman on the pretext of procuring Turkish visas for her and her son. The accused, whose address is unknown, is facing a two-count charge of fraud and stealing. Oladapo, however, pleaded innocence of the offences. But the Prosecutor, Insp. Olakunle Shonibare, insisted that the accused committed the offences sometime in 2015 at Onikolobo area of Abeokuta. Shonibare said Oladapo, who posed as a travel agent, had promised to assist the complainants, Mrs Folashade Willams and her son, Akinwunmi, to secure two Turkish visas and was paid N300, 000. “After collecting N300,000 from the complainants, the accused failed to get the visas as promised but converted the money to personal use.” The offences contravened Sections 390(9), 419, and 516 of the Criminal Law of Ogun State, 2006. The Magistrate, Mr Idowu Olayinka, granted the accused bail in the sum of N200,000 with two sureties in like sum. Olayinka said the sureties should produce evidence of tax payment to the Ogun Government and should be resident in the state. She adjourned the case until May 22 for hearing. Source: Today...
by Admin | May 18, 2017 | Blog |
Follow @NigeriaPI The Intelligence Response Team of the Inspector-General of Police has arrested three students and one other person, who allegedly posed on Facebook as customs officers auctioning cars. The Leader of the IRT, ACP Abba Kyari, confirmed the arrest in Lagos on Thursday. He said that two of the students were from the Ambrose Alli University, Ekpoma, and one from the Federal Polytechnic, Auchi, both in Edo. Kyari said that the suspects also posed on some other social media as customs officers auctioning cars. “After several complaints to the I-G about activities of some fraudsters posing as Nigeria Customs officers on social media and defrauding millions of naira from innocent Nigerians in the guise of auctioning cars, I-G Ibrahim Idris directed the IRT to trace and arrest the criminals. “After analysis of intelligence on ground, two IRT teams were deployed to Edo, and eventually, four suspects were arrested in Ekpoma. “All the suspects confessed to the crimes and stated how they swindled millions of naira from innocent Nigerians while posing as customs officers auctioning cars. “Exhibits such as customs documents, pictures of genuine customs officers they impersonated, bank account numbers they used for the crime, and communication between them and their victims, were found in their phones and laptops,” Kyari said....
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