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N77m alleged fraud: Two Sapele bank chiefs get bail


SAPELE – Two bank officials, arraigned before a Sapele magistrate court, Delta State on a three-count charge of conspiracy and obtaining money under false pretence and remanded in Sapele Prisons, by the same court, were, yesterday, granted bail, by a Delta State High Court sitting in Sapele. The trial judge is Justice Godwin Gbemre.

The accuse persons, Mr. Chinedu Njoku and Desi Austin, alleged to have fraudulently conspired to defraud a Sapele-based finance company, Multiple Credit Ltd, to the tune of N77 million, regained their freedom, yesterday, after the court, ruled on their bail applications, argued by their counsel.

The accused were alleged to have conspired along side others, sometime in July 2012, to obtain money under false pretence, an offense punishable under section 8 of Advance Fee Fraud Act, Cap A, laws of the Federation 1995.


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