EFCC Arraigns 60 year old Man for N37.5m Scam



Find the EFCC Press statement below...
A 60-year-old man, Vincent Odionu was on Monday September 29, 2014, arraigned before Justice M.A. Onyetenu of the Federal High Court, Abakaliki, Ebonyi State, by the Economic and Financial Crimes Commission, EFCC, on a 2-count charge that borders on stealing, forgery and impersonation



The accused person who is an agent to a brokerage firm, Lion Stockbrokers Limited, allegedly conspired with others to sell the shares of Onwubu Gibson Anake ( deceased) in several blue chip companies ( RT Briscoe, CFAO, Cement Company of Northern Nigeria, First Bank, Oando, Nigerian Breweries, etc) without authorisation. The total value of the shares sold by the accused is put at Thirty Seven Million, Five Hundred and Fifty Five Thousand Naira only.

One of the counts in the charge reads,” That you Vincent Odionu sometime in March 2008 in Abakaliki, Ebony State within the jurisdiction of the Federal High Court of Nigeria with intent to defraud obtained the sum of N1,268,000,00 (One Million Two Hundred and Sixty Eight Thousand Naira only) by means of fraudulent encashment of GTBank Cheque belonging to Onwubu Gibson Anake issued by lion Stockbrokers Limited when you falsely represented yourself at Fidelity Bank as Onwubu Gibson Anake, which pretence you knew to be false and you thereby committed an offence contrary to section 1 (1)(a) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and punishable under section 1 (3) of the same Act”.

The accused pleaded not guilty to the charge.

The matter was adjourned to October 22, 2014 for consideration of bail application.

Comments

Post a Comment

Popular posts from this blog

Lesson for all The Southerners and Middle Belt: Beware of Sanusi

Image
Yugos Albert have this to say could it be true! To all the Southerners expressing their opinions for or against Sanusi, I say take it easy. Let us siddon, buy popcorn and coke and be watching this movie. There might be more to this than meets the eye. Whether this crisis is real or not, one thing I know about the North is that they never lose sight of their true goal or do anything to sabotage it: Total domination of Nigeria is their only ambition. When it comes to that, they stand together and they plan far ahead. Don't forget the level of lies Sanusi peddled against GEJ before he was made the Emir of Kano. Under Obasanjo, with Okonji-Iweala as Finance Minister, and Soludo as CBN Governor, Southern Banks became very powerful, financing infrastructural and economic growth not only in Southern Nigeria but even in other African countries. Nigeria was on the way to becoming a true financial and economic powerhouse for the Black World. Southern Banks were a threat to Foreign C
Read more