By INNOCENT ANABA
LAGOS—Former Director-General of Nigerian Stock Exchange, NSE, Dr. Ndi Okereke-Onyuike, may be arraigned before a Lagos High Court sitting in Igbosere, Monday, on charges brought against her by the Lagos State Government.

Okereke-Onyuike is to face charges of stealing and conspiracy to commit fraud.

To stand trial alongside Okereke-Onyuike are Alhaji Lance Elakama, Uzoma Henry Onyekuru and some companies, Creative Financial Services Limited, Mining System Limited, OPDC Properties Limited, OAK Business, Finance Company Limited and Kingdom Securities.

Okereke-Onyuike, in two separate charges before Justice Christopher Balogun, by the Lagos State Director of Public Prosecution, DPP, Mrs. Olabisi Ogungbesan, was alleged to have stolen over N3.3 billion from NSE.

The companies charged alongside the accused persons were alleged to have been owned by them and used as conduit to siphon monies from NSE. The first charge contains eight counts while the second charge has six counts.

When the matter came up last July, neither Okereke-Onyuike nor any of the accused persons was in court as the police were yet to effect their arrests. Following the absence of the accused in court, Justice Balogun adjourned the matter till October 10 for hearing.

According to the charge, Okereke-Onyuike and her deputy, Elakama, as officers of NSE and Mining Systems Limited on or about June 20, 2008 at NSE Building with intent to defraud, conspired to steal N455 million.

Another charge read, “Ndi Okereke-Onyuike (f), Lance Elakama (m) (officers of NSE) and Creative Financial Services Limited on or about June 20, 2008 at the NSE Building with intent to defraud conspired to steal N495m property of the Nigerian Stock Exchange.”

*Ndi Okereke-Onyuike (f), Lance Elakama (m) (officers of NSE) and Creative Financial Services Limited on or about June 20, 2008 at the NSEe Building stole and fraudulently converted the sum of N495 million property of the Nigerian Stock Exchange.”