Tag: EFCC

  • EFCC arraigns ex-commissioner for alleged N108m theft

    A former Commissioner for Youth and Sports in Anambra State, Mr Okey Aroh, has been arraigned before an Ikeja  High Court in over an alleged  N108 million theft.The Economic and Financial Crimes Commission (EFCC) arraigned Aroh alongside Abimbola Oluwaniyi, before  Justice Oluwatoyin Ipaye.

    They were arraigned on a  six count charge of conspiracy, stealing, forgery and uttering.

    EFCC counsel, Mr Omeiza Adebola told the court that the defendants allegedly  conspired to steal the money belonging to their former employer, an old generation bank between June 2008 and July 2009.The EFCC said at the time the offence was committed, Aroh was the manager while Oluwaniyi was a relationship officer of the Oke Arin branch of the bank.

    He also accused them of forging two certificates of deposit purportedly issued by the bank to facilitate the theft.He said the offences breached Sections 390 (7) (9), 467,468 and 516 of the Criminal Code Laws of Lagos State  2003.

    When the charges were read to them, the   defendants pleaded not guilty.

    Counsel to Aroh Mr. Vincent Nwana, while moving his client’s application for bail  urged the court to grant the defendants bail on liberal terms.

    Nwana argued that the charge arose out of loans granted by the defendants when they were employees of the bank.

    In her ruling, Justice Ipaye varied the bail conditions for the two defendants.

    She granted Aroh  N5 million bail with two sureties in N2 million each.

    The money, she said, should be paid by a bank draft drawn in the name of the Chief Registrar of the Lagos High Court and should be deposited into an interest yielding account.

    According to her, one of the sureties must be a blood relative while both sureties should be resident in Lagos State.

    The judge directed that the sureties should be gainfully employed and must produce three years tax clearance payable to the government.

  • How Adigwe, others defrauded AfriBank’

    A Lagos High Court, Igbosere, on Monday heard how the managing director of defunct AfriBank, Sebastian Adigwe and others robbed the bank of N26 billion.

    Prosecution witness, Emmanuel Al-Hassan, who was the Investigating Police Officer (IPO) told the Justice Olabisi Akinlade court that Adigwe granted fictitious loans without security to AIL Securities Limited, Asset Management Nominees Holding Limited and Falcons Securities Limited.

    The former bank chief is facing a 36 count charge of conspiracy, stealing and receiving stolen property.

    He was arraigned alongside Osa Osunde, Jibrin Isah, Isa Zailani, Chinedu Onyia, Henry Arogundade and Peter Ololo, who all pleaded not guilty to the charges.

    According to the Economic and Financial Crimes Commission’s (EFCC) witness, Adigwe on March 2, 2009, granted a N10 billion loan to Petosan Property Development Company without any security.

    He told the court that when the first defendant (Adigwe) was interrogated on the disbursement of N26.5 billion he also maintained that the companies did not owe Afribank a dime.

    Al-Hassan who was led in evidence by EFCC’s lawyer, Dr. Ekwueme, told the court that an additional N16.5billion was taken from Afribank and lodged into Kolvey Company Limited, which belonged to Peter Ololo, the seventh defendant.

    “In the course of investigation, I discovered that Petosan Property Development Company and Kolvey Company Limited had no banker/customer relationship with Afribank prior to the disbursement of the money.

    “The first credit in the account of Petosan Property Development Company was N100, 000 and few weeks after N10 billion was lodged into the account.

    “Investigation further revealed that the sum of N26 billion was later transferred to the account of Falcon Securities and Property Development Company, belonging to the defendants.

    ‘We gathered that immediately the money entered into these accounts, cheques were issued in favour of Falcon Securities. We also learnt that there was no relationship between these companies and Falcon Securities.

    ‘’During findings we recovered Afribank cheque booklets belonging to Kolvey Company Limited from an officer of Afribank and it was discovered that various sum of money were disbursed to Falcon securities.”

  • Lucky but shameless

    Lucky but shameless

    Convict Igbinedion runs his mouth because, by plea bargaining, he escaped rotting in gaol

    Lucky Igbinedion’s insulting crows in the media of late clearly shows the evil of legal technicality and the dysfunction of plea bargaining in the face of worsening sleaze and corruption.

    Igbinedion, convict and best forgotten former governor of Edo State, has suddenly found his voice. He is no thief, he brazenly says in a new media campaign swing, simply because the state he allegedly raped was too poor to be stolen from! Disingenuous, isn’t it?

    But it is not Igbinedion’s fault. It is the fault of the Economic and Financial Crimes Commission (EFCC). EFCC abandoned a 191-count charge of alleged sleaze to hastily settle for Igbinedion’s guilty plea for not declaring the cash in an account no: 4124013983110, with an unnamed new generation bank, contrary to the provision of Section 27 (3) of the EFCC Act 2008. In exchange, Igbinedion plea-bargained to forfeit the N3.5 million in that account.

    So, by that stroke of what looked like legal legerdemain, Igbinedion escaped gaol on  December  17, 2008, in Justice Abdul Kafarati’s court, even if the convict was a pitiful sight in the dock before the great escape.

    Six years on, the convict has suddenly found his voice! In decent societies, even lucky outcasts should know when and how not to talk. Igbinedion may have been lucky to escape the monumental gaol his alleged humongous sleaze, if proven, should have fetched him.

    But he is still a convict. So, he should not delude himself that he could go on a media binge to say whatever he likes, within the ambit of the law. That is the confine of spotless citizens, which Igbinedion is not.

    Indeed, what Igbinedion said and how he said it were most insulting and unconscionable. Even the matter of his conviction: if his motives were pure, why did he, like a petty criminal, try to hide that he had N3.5 million in an account in his name? Selective amnesia?  Or petty but stupid lying?

    And the scandalous evocation of the Zairean Mobutu in the local Edo economy! Like Mobutu, the monumental thief who loaned his country money from the trove he had looted from it, Lucky claimed he borrowed money from certain individuals to run his bankrupt state!

    Are these individuals then richer than a state with monthly allocations from the Federation Account, aside from locally raised revenue? By the way, were these loans receipted? What interest rates were paid on them — or were they interest-free, coming from super-benevolent patriots to a failed and banana state? And how did the patriotic prodigal repay the debt, after eight useless years in office — or was there patriotic debt forgiveness?

    Whatever direction, Igbinedion’s claims stink — and he ought to be thoroughly ashamed of himself.

    Curiously enough, after Igbinedion’s tenure of infamy and the sorry bid of his party, the Peoples Democratic Party (PDP), to rig in a successor to cover his notorious tracks collapsed, new Governor Adams Oshiomhole suddenly found the golden pot the prodigal Igbinedion could not find in eight years!

    Now, how does the scion of Edo feel driving on the enhanced roads and other renewed infrastructure of Benin, his hometown — like some useless child who, with contempt, points at his ancestral home with his left index finger?

    Indeed, the alleged sleaze from which Igbinedion is trying childish pranks to distance himself, simply because he escaped gaol, is not unlike what the Jewish would call chutzpah: a child commits parricide by killing both of his parents. Yet, he has the satanic nerves to plead with the court to please set him free, simply because he is an orphan!

    It was clear to anyone that the Igbinedion gubernatorial era was a disaster. He neither had the temper nor the gravity to be a governor of legacy. Indeed, a tale made the round after his first term about his father, the Esama, reportedly pleading that even if his son had not done well — which was so clear he hadn’t — at least he should earn a chance for a re-sit, like a failed university student! It was probably an apocryphal tale. But it did capture the spirit of Lucky Igbinedion’s unlucky era of waste and purposelessness.

    Of course, Igbinedion is well established in the infamous class of the PDP era in several states: Anambra, Ekiti, Ondo, Oyo, Osun — worthless governors who claimed there was no money to deliver services, only to be proved wrong by their immediate successors.

    Between Igbinedion and Oshiomhole, the Edo people know who has raped and who has served them. Igbinedion should find other ways to exhibit his guilt complex, when his conscience tells him he should be in gaol. He should stop insulting the rest of us with his tales by the moonlight.

  • Ex- Chevron accountant arraigned over property conversion

    The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned a former accountant with Chevron Nigeria Limited, Mr. Michael Adenuga, before a Lagos High Court, Ikeja, over alleged fraudulent conversion of landed property worth N5 billion.
    Counsel to the EFCC, Mr. Jamiu Musa, alleged that Adenuga and his company, Covenant Apartment Complex Limited fraudulently converted 22.68 hectares of land located in the Lekki area of Lagos.
    Musa told the court presided over by Justice Sendoten Ogunsanya that the property is situated at Ayetoro Ikota, Lekki area of the state.
    He said the property was jointly owned by Covenant Sugarland Property Development Limited and Messrs Sunday and Joseph Oyeniran.
    Musa further alleged that the defendant forged a document titled: “Contract of Sale between Covenant Apartment Limited and Kingview Realty Limited to facilitate the theft.
    According to him, Adenuga later presented the document as a genuine one to an EFCC officer, Mr. James Buzugbe.
    He said the offences for which the defendant was charged contravened Sections 278 (1) and 285 (b) of the Criminal Law of Lagos State of Nigeria 2011.
    Adenuga, however, pleaded not guilty to the charge when they were read to him.
    His counsel, Mr., Ehis Badmus, told the court that he had already filed a bail application and pleaded that he should be remanded in EFCC custody.
    He told the court that Adenuga was diabetic and had high blood pressure.

     

  • Fani-Kayode: Drama as court declares EFCC’s witness hostile

    Fani-Kayode: Drama as court declares EFCC’s witness hostile

    There was drama at the Federal High Court in Lagos on Wednesday as Justice Rita Ofili-Ajumogobia declared an Economic and Financial Crimes Commission (EFCC) witness hostile.

    The witness, Ojo Agbor, was testifying in the trial of a former Aviation Minister, Chief Femi Fani-Kayode, for alleged money laundering when the prosecutor, Mr. Festus Keyamo, applied to the court to declare him a hostile witness.

    Keyamo said Agbor’s testimony was totally different from what is in his statement to the EFCC.

    The lawyer also alleged that the defence had “coached” the witness on what to say in court.

    “He has been coached. That is why he has been running away despite different invitations to testify. We had to write his director to produce him this morning,” Keyamo said.

    After the judge declare Agbor a hostile witness, Keyamo accused him of deliberately lying to the court.

    He also alleged that the witness and Fani-Kayode had communicated through phone prior to Wednesday’s proceedings.

    “Your phone record will show that you have called the accused person or the accused person has called you,” Keyamo said. The witness replied: “He has not called me.”

    Keyamo said: “I want to put it to you that you’re here today to tell deliberate lies,” to which Agbor said “No.”

    He also alleged that Fani-Kayode was giving the witness signals on what to say during proceedings.

    When Fani-Kayode turned to gaze at Keyamo in a look of denial, Keyamo said: “The accused person is looking menacingly at me,” adding jovially: “The way he’s looking at me is like we’re dragging one girlfriend.”

    The witness said the statement he made to the EFCC was not voluntary.

    According to him, the commission’s officials asked him to lie otherwise he would be charged along with Fani-Kayode.

  • Alleged fraud: Ajudua denied bail again

    A Lagos High Court sitting in Ikeja on Tuesday turned down, for the second time, a bail application filed by Lagos socialite, Fred Ajudua.

    The court presided over by Justice Oluwatoyin Ipaye rejected Ajudua’s application in which he sought for bail.

    Ruling on Ajudua’s application, the judge held that there was no special circumstance warranting the court to grant the defendant bail.

    Ajudua is standing trial for allegedly defrauding the former Chief of Army Staff, Ishaya Bamaiyi of $8.4 million.

    The Economic and Financial Crimes Commission, (EFCC) had arraigned Ajudua for allegedly collecting money from Bamaiyi while they were both in custody at Kirikiri Prison in Lagos between November 2004 and June 2005.

    The EFCC claimed that Ajudua and others still at large defrauded Bamaiyi through false claims that the money represented the professional fees charged by Chief Afe Babalola (SAN) to handle Bamaiyi’s case and to facilitate his release from prison.

    Ajudua had insisted that Bamaiyi be put on trial also for admitting that he offered bribe.

    He had also pleaded not guilty to the charge after the court refused his application.

  • Money laundering: Babalakin’s co- defendant to travel abroad

    A Lagos High Court sitting in Ikeja has granted leave to Mr. Alex Okoh, co-defendant to the Chairman of Bi-Courtney Service Limited, Chief Olawale Babalakin, in the allegedN4.7 billion money laundering charge to travel to United States for business meeting.

    The court presided by Justice Lateef Lawal-Akapo ordered the Economic and Financial Crimes Commission to release Okoh’s international passport to enable him travel abroad.

    Justice Lawal-Akapo issued the order while ruling in an application filed by the defendant.

    Okoh had applied for leave of the court to enable him attend a business meeting in U.S. The meeting takes place from May 13- 30.

    He is standing trial alongside Babalakin and his companies – Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited for allegedly aiding former Delta State Governor, James Ibori to launder the said money abroad.

    They are facing a 27-count charge bordering on conspiracy to commit felony, corruptly conferring benefit on account of public action and retention of proceeds of a criminal conduct.

    Both defendants have since filed objection to the charges and are challenging the jurisdiction of the court to hear the matter.

     

     

  • EFCC arraigns pastor for ‘swindling’ accommodation seekers

    The Economic and Financial Crimes Commission (EFCC) on Thursday began the trial of a pastor, Mr. Peter Nwogu, accused of defrauding some accommodation seekers of N52.3 million.

    The News Agency of Nigeria reports that the 52-year-old accused is being prosecuted before Justice Sedoten Ogunsanya of a Lagos High Court, Ikeja.

    The commission, had on March 18, arraigned Nwogu for the alleged offence and he was remanded in Kirikiri Maximum Prison.

    During Thursday’s proceedings, the EFCC counsel, Mrs. Olubunmi Bosede, called three witnesses to testify against the accused.

    Testifying, Mrs. Vivian Obinabo, an estate surveyor and valuer, told the court how the accused defrauded her clients between July and August 2013 in Lagos.

    Obinabo said Nwogu placed advertisements for lease of property on some national newspapers using his outfits, Christian Defence Fellowship and Business Defence Solutions Limited.

    She said the accused posed as the owner of the property situated at No.6 Gerrard Road and No.6 Olawale Dawodu Street, both in Ikoyi.

    Obinabo said: “The accused scheduled a meeting between us and came with a convoy of mobile policemen.

    “My clients, which included Manuchar Trading Company Limited, Sony Flying Dove Limited, Akintola Williams Delliote and Associated Press inspected the property.

    “They expressed interest and demanded for a copy of the tenancy agreement before making payments,” she added.

     

  • Court forces EFCC to close case against fleeing oil marketer, others

    Court forces EFCC to close case against fleeing oil marketer, others

    A Lagos High Court in Ikeja yesterday closed the case of the Economic and Financial Crimes Commission (EFCC) against an oil marketer, Oluwaseun Ogunbambo alleged to have fled the country.

    The court presided by Justice Adeniyi Onigbanjo  fixed July 14  for Mamman Ali and Christian Taylor  accused of  alleged N4.4 billion fuel subsidy fraud to open their defence.

    The  trial of the three oil marketers and their companies had been stalled over the last six months following reports that Ogunbambo had jumped bail and  fled the country.

    At the resumed hearing yesterday, counsel to the EFCC, Mr Seidu Atteh, informed the court that he had recently taken over the matter from his predecessor.

    Atteh said he was informed  that Ogunbambo has allegedly absconded.

    He said as a result the EFCC has not been able to execute the bench warrant issued against him.

    He appealed to the court for a short adjournment to enable the EFCC produce Ogunbambo or file an amended charge against the other defendants.

    But counsel to Ali, Mr Toyin Pinheiro (SAN), objected the request for the adjournment on the basis of Ogunbambo’s absence.

    Pinheiro said: ”This matter commenced since July 2012. The prosecution listed 15 witnesses in the proof of evidence and they have only called two witnesses so far.”

    Pinheiro argued that  the EFCC should have taken steps to amend  the charge so that the matter could continue since they were aware that Ogunbambo had absconded.

    “I think the court has an inherent power to close their case.

    “Section 36 of the Constitution talks about fair hearing which also connotes conclusion of the trial against an accused within a reasonable time.

    “My humble application is for the court to close the case of the prosecution and we are ready to open our defence,” Pinheiro added.

    Ruling on the matter, Justice Onigbanjo pointed out that the court had a duty to conduct its activities in a timely manner.

    Justice Onigbanjo said the EFCC could have amended the charge against the other defendants since the last adjournment in February following their inability to apprehend Ogunbambo.

    According to him, the court record shows that the EFCC has not shown enough seriousness to go on with the trial of the other defendants.

    Justice Onigbanjo said it would be wrong for the commission to hold other defendants to ransom as a result of the action of another defendant.

    Justice Onigbanjo counseled the EFCC to file an application to reopen the case against the other defendants before the next adjournment date if the commission is still interested in pursuing the matter.

    The judge said the court would be willing to also consider their application to amend the charge and strike out Ogunbambo’s name.

     

  • Court forces EFCC to close case against oil marketer

    A Lagos High Court, Ikeja, on Tuesday closed the case of the Economic and Financial Crimes Commission (EFCC) against an oil marketer, Oluwaseun Ogunbambo, alleged to have fled the country.
    The court presided by Justice Adeniyi Onigbanjo however fixed July 14 for Mamman Ali and one other oil marketer and their company to open their defence.
    They were all arraigned over their alleged involvement in subsidy fraud.
    The trial of the three oil marketers and their company had been stalled in the last six months following reports that Ogunbambo had jumped bail and fled the country to escape justice.
    At the resumed hearing, the counsel to the EFCC, Mr. Seidu Atteh, informed the court that he had recently taken over the matter from his predecessor.
    Atteh said he was informed that one of the defendants, Ogunbambo has allegedly absconded.
    He said as a result, the EFCC has not been able to execute the bench warrant issued against him by the court.
    He, therefore, appealed to the court for a short adjournment to enable the commission produce Ogunbambo or file an amended charge against other defendants.
    But counsel to Ali, Mr. Toyin Pinheiro (SAN), objected to the request for adjournment on the basis of Ogunbambo’s absence.
    Pinheiro said, “This matter commenced on July 2012. The prosecution listed 15 witnesses in the proof of evidence and they have only called two witnesses so far.”