N2.6bn fraud: Court adjourns arraignment of Lagos Motor Boat Club President, Other bank executives till April 11
A Federal High Court in Lagos has adjourned till April 11, the arraignment of the executive directors of a distressed bank, Nigeria International Bank Limited, Chief(Dr.) C. S Sankey, a former Commodore of Lagos Motor Boat Club, and 15 others over alleged N2.6 billion fraud belonging to MicMerah International Agency Limited.
The bank and 16 others were charged on a 20- count bordering on Conspiracy, intent to defraud, falsification of document, fraudulent alteration and diversion of over N2. 6 billion belonging to MicMerah International Agency Limited.
Other accused in the criminal charges are: Peter Harris, Adekunle Oladosun, Okechi Egwu, Lulu Ndubuka, Oyowole Ariyo. UKabiru Bello, and J.E Eriagbon; Samson Ebie, Steve Obodomechine, Mikky Dons Nigeria Limited, Mark Anaele, Ariyo Odunala, Peter Oriade, Olusola Fagbure and Obianwa Chuba.
At the resumed trial of the case on Wednesday, before Justice Ibrahim Nuns, the prosecutor, Mr. Gordy Uche, SAN, informed the court that the prosecution has been unable to effect the court summons on the second to seventeen accused persons due to non residence of their non residence within the jurisdiction of the court.
He therefore urged the court for an order to serve the other accused persons through substitute service.
The prosecutor’s application was granted by Justice Buba, while the matter was adjourned till April 11, for the arraignment of all accused persons.
In the charge, the accused were alleged to have conspired among themselves to induce MicMerah International Agency Limited, to deliver the said sum to them, to be used for offsetting a fraudulent import finance facility scheme.
They were also alleged to have falsified documents to fraudulently secure the release of four Volvo luxury buses and two 40 feet containers from the Nigeria Custom Service.
They are also to face a charge of obtaining property by false pretence, as well as corruptly enriching themselves.
The offence is said to have contravened the provisions of sections 1(1) (a),1(3), and 8 (a), of the Advanced Fee Fraud and Other Related offence Act, 2004. And sections 161, and 162 of the Custom and Excise Management Act, Section 516 of the Criminal Code Act, 2004 as well as sections 2, 2(1) and 10 (1) of the Recovery of Public Property Act, 2004
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