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EFCC arraigns four men over N1billion BOI fraud

Published on January 25, 2016 by   ·   No Comments

Henry Ojelu

courtFour men, Johnson Salako, Toritseju Jemide, Enoche Ugbabe and Enebeli Theophilus were on Monday charged before Justice Oluwatoyin Ipaye of a Lagos High Court, Ikeja, by the Economic and Financial Crimes Commission (EFCC) over allegation of N1,424billion Bank of Industry’s fraud.

While Enoche and Enebeli were arraigned on five count charge, Salako and Jemide were absent in court.

According to the prosecuting counsel, Babatunde Sonoiki, the accused were alleged to have ‘conspired to commit felony and steal contrary to section 516 of the Criminal Code Law of Lagos State. ‘

They were also alleged to have ‘stole the sum of N1, 424, 774, 000 property of Bank of Industry (BOI)’ by ‘falsely represented to the bank that the facility was meant to finance a project.’

The prosecution further alleged that the defendants, contrary to Section 467 of the Criminal code Law of Lagos State, also ‘ forged a Certificate of Occupancy (C of O) of Lands Registry of Lagos State which you pledged as security to obtain the facility.’

Two title deeds were also alleged to have been forged and presented by the accused to the Bank of Industry to obtain the facility.

The accused however pleaded not guilty to the charge.

The court however remanded them in prison custody pending the hearing of their bail applications.

The matter was adjourned till February 4, 2016.

Posted by on January 25, 2016, 5:29 pm. Filed under Judiciary, Metro, News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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