Abuja – The Economic and Financial Crime Commission (EFCC) on Tuesday arraigned a 48-year-old man, Emeka Onwunyi at a FCT High Court in Nyanya charged with issuing N8 million dud cheque.
Onwunyi, alongside his firm, Postiga Nigeria Limited, are being prosecuted by the EFCC on two-count charge of issuance of dud cheque and fraud.
The prosecuting counsel, Mr O.O. Adeola, told the court that on Aug. 1, 2016 in Abuja, the defendant, being the Managing Director of Postiga Nigeria Limited, took a loan from one Umar Bayero.
He said that for repayment of the loan, the defendants issued Bayero a post dated Zenith Bank cheque of N8 million which was to be cashed after three months.
Adeola said further that when Bayero presented the cheque to the bank, it was found that there was insufficient fund in the defendant’s account.
He informed the court that the offence contravened Section 1 (1) (a) of the Dishonoured Cheques Offences Act Cap 102 Laws of the Federation of Nigeria 2007.
The prosecutor further alleged that the defendant, also on the pretext that he got a contract to supply 54 units of motor bikes to Skyrana Nigeria Limited, defrauded Mr Umar Bayero of N6 million.
He said the offence contravened Section 1 (2) of the Advance Fee Fraud and Other Related Offences Act 2006.
The defendant pleaded not guilty to the charges against him.
The defence counsel, Mr Michael Ede, applied for bail on behalf of his client, but Adeola, the EFCC prosecutor opposed the application.
According to the counsel to the anti-graft agency, the ground for opposing the application was because the defendant jumped administrative bail granted him by the EFCC and was arrested after one year.
The Judge, Justice Peter Kekemeke, however, granted Onwuyin N10 million bail with two sureties in like sum.
According to the judge, one of the sureties must be the wife of the defendant who must present to the court an original marriage certificate.
The second must have a landed property in the FCT with a genuine land document.
Kekemeke then adjourned the matter until April 17 for hearing. (NAN)