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EFCC prosecutes man over alleged N25m fraud

By Ikechukwu Nnochiri

ABUJA — Economic and Financial Crimes Commission, EFCC, yesterday, docked an alleged fraudster, Ikenna Okoro, before an Abuja High Court sitting at Maitama on allegation that he duped one Dr. (Mrs) Adah Okwuosa to the tune of N25 million.

The anti-graft agency alleged that on or about April 2009 in Abuja, the accused person, being entrusted with the money as a broker/agent, did dishonestly misappropriate and converted it to his own use and thereby committed an offense punishable under section 315 of the Penal Code, Cap .532 Laws of the Federal republic of Nigeria (Abuja) 1990.

EFCC equally told the trial court that on or about September 4, 2009, the accused person issued an Oceanic Bank Plc cheque number 26009465 in N25 million, to Dr (Mrs) Okwuosa, alleging that the said cheque was dishonoured upon presentation for reasons of insufficient fund.

The prosecution said the action amounted to an offence contrary to section 1(1)(b) of dishonoured cheques (offences) Act, CAP.D11 Laws of the Federal Republic of Nigeria 2004 and punishable under section 1(1)(i) of the same Act.

Meanwhile, the accused person, yesterday, pleaded not guilty to the allegation, even as he pleaded the trial court to grant him on bail.

Moving the bail application, yesterday, the defence counsel, Mr. Reuben Okoro, insisted that the allegation against his client was a bailable offence.

Though the prosecuting counsel, Mr. Adekunle Aderinto, opposed the bail application on the premise that the accused ought to have filed a formal motion rather than making oral request, trial Justice I. M Bukar, granted the accused person bail in the sum of N500,000, saying he should produce a civil servant who owns a landed property in Abuja to stand as his surety.

Hearing on the substantive case has been adjourned to July 23.


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