EFCC
Real Estate Fraud: Abatan bags 28 years Imprisonment
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Abatan coming out of courtJustice Sa'ad Mohammed of the Gombe State High Court, Gombe on Friday August 10, 2012, sentenced one Oluwaseun Abatan, a 34-year-old graduate of Quantity Surveying, to 28 years imprisonment.
Abatan who was first arraigned on 18th June, 2009 was convicted on four of the eight count charge of forgery and obtaining by false pretence brought against him by the Economic and Financial Crimes Commission.
EFCC Arraigns Keystone Bank Officials Over N855m Scam
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Mr. Olajide Oshodi at the court for trialThe Economic and Financial Crimes Commission, EFCC, on Wednesday, August 8th, 2012, arraigned three officials of Keystone Bank (formerly Bank PHB): Anayo Nwosu, Olajide Oshodi and Sunny Obaze alongside the managing director of Nulec Industries Limited, Ashok Isran before Justice Habeeb Abiru of the Lagos State High Court sitting in Ikeja over an Eight Hundred and Fifty Five Million Naira (N855, 000,000.00) scam.
Specifically, the suspects were arraigned on a two count charge bordering on conspiracy to obtain the said sum from one Sir Daniel Chukwudozie of Dozzy Oil & Gas Limited under the false pretence of paying for preference shares of Nulec Industries Limited in an upcoming Initial Public Offer. Nulec Industries Limited and Keystone Bank were also separately charged with the suspects.
EFCC DOCKS FRAUDSTER OVER N106MILLION SCAM
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Jonathan Udeagbala suspect Igbosere courtThe Economic and Financial Crimes Commission, EFCC on August 3, 2012 arraigned Jonathan Udeagbala and his company, Lynq Communications Limited before Justice B. O Oluwayemi of the Lagos High court, Igbosere on a four count charge bordering on stealing, obtaining by false pretence and issuing dud cheques.
One of the charges read: "that you, Jonathan Udeagbala and Lynq communications Ltd, between September, 2009 and September, 2010 at Lagos within the Lagos Judicial Division, with intent to defraud, stole by fraudulently converting to your own use, the aggregate sum of N106, 250,000 (one hundred and six million, two hundred and fifty thousand naira) properties of Victory Electronics Company Limited and Fakwe Investments Limited".
When the two charges were read to Udeagbala and his company, he pleaded not guilty to them.
Arraignment of Oil Marketers Not Suspended - EFCC
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The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a report which appeared in Thisday Newspaper of Tuesday, August 7th, 2012 with the banner, Subsidy: EFCC Suspends Arraignment of Marketers. The report suggests that the Commission has, following political pressure, suspended further arraignment of oil marketing companies and their directors suspected to have been involved in the fuel subsidy scam. The Commission views the suggestion as a distasteful misrepresentation of the reality on ground.
Subsidy Scam: Court Remands Ogunbambo in Prison Custody
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Oluwaseun Ogunbambo
Justice Adeniyi Onigbanjo of the Lagos High Court on Wednesday August 1, 2012 ruled that Oluwaseun Ogunbambo, one of the suspects implicated in the multi-billion naira fuel subsidy fraud, be remanded in prison custody and ordered accelerated hearing of the case. The judge dismissed Ogunbambo’s bail application on the grounds of his criminal antecedent, which cast serious doubt on the chances of his being available for trial if granted bail.
Ogunbambo was arraigned on Monday July 30, 2012 alongside Habila Theck and Fargo Petroleum Gas Limited on a 6 counts charge for conspiring to obtain the sum of N976, 653,110.28 (nine hundred and seventy six million six hundred and fifty three thousand one hundred and ten naira twenty eight kobo) from the federal government of Nigeria by falsely representing that the said sum was accrued subsidy for the importation of 13,627,084 litres of petroleum motor spirit. They were also accused of forgery and use of false document contrary to section 364 of the Criminal Laws of Lagos State of Nigeria.
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