26 C
Lagos
Thursday, October 29, 2020
- Advertisement -

EFCC Arraigns Septuagenarian for Fraud

Opinion

#EndSARS Protest: A Fundamental Lesson in Democratic Governance – By Bola Ahmed Tinubu

I heavily grieve for those who have lost their lives or been injured during the period of these protests. My deepest sympathies...

#EndSARS Protests: Nigeria’s President Could Have Prevented Escalation of Violence but Poured Oil on the Fire Through His Silence – By Chidi Anselm Odinkalu...

Located in the central regions of Nigeria’s Delta State, Ughelli is a sleepy city in the Western Niger Delta and the unlikely...

We Must Get Children Back to Learning – But Business As Usual is Not an Option By Jutta Urpilainen and Henrietta Fore

A global joint op-ed by the EU and UNICEF on education for children “One child, one teacher, one book,...

Subjecting Anti-SARS Agitation to Political Interpretation is Jejune Partisan Stimulus By Chris Okotie

Chairman Mao once posited that if the people no longer fear your power, it is because another power is on its way....

In a related development, the Ibadan Zonal Office of the Commission on Thursday, July 2, 2020, arraigned 78-years old, Alhaji Sheik Rauf Temitope Mustapha for alleged N25million land fraud. He was arraigned before Justice Ladiran Akintola of the Oyo State High Court, Ibadan on  27-count charges, bordering on obtaining by false pretence and issuance of dud cheque.

The victim, Akibest en-Konsult Limited had alleged in a petition that the self-styled Muslim cleric collected the said sum for the procurement of 23 acres of land but failed to deliver the land. Moreso, after agreeing to refund the money, he issued a dud cheque for a first instalment refund of N3,000,000 (Three Million Naira).

One of the charges read: “That you, Alhaji Sheik Rauf Temitope Mustapha on or about the 30th of October, 2017 within the Ibadan Judicial Division of this honourable court did issue a Stanbic IBTC Bank PLC cheque No. 00146244 dated the 31st October, 2017 in the sum of N3,000,000 to one Arkibest En-Konsult Limited in settlement of your financial obligations to them, which cheque upon presentation within three months of issuance was dishonoured by your bankers for lack of sufficient funds in the account to which its drawn and thereby committed an offence contrary to Section 1(2)(b) of the Dishonored Cheques (offences) Act, Cap D11, Laws of Federation of Nigeria, 2014.”

The defendant pleaded not guilty to the charges, prompting prosecution counsel Dr. Ben Ubi, to ask the court for a trial date, and for the defendant to be remanded in EFCC custody pending the determination of his bail application.

The judge granted the prayer of the prosecution and adjourned hearing on the bail application till Tuesday, July 7, 2020.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Business Profiles

Theresa Ekong

Theresa Ekong is the Acting Head of Compliance at Providus Bank. She has over 18 years industry experience cutting across banking Operations,...

Mark Oguh

Mark has 22 years experience in the Banking industry covering Operations, Audit and Financial Control. He is also a...

Aina Amah

Aina Amah is a graduate of Economics from the University of Lagos and an MBA from the University of Nicosia, Cyprus. She...

Uyi Osagie

Uyi Osagie is the Chief Financial Officer of Allianz Nigeria. He joined Allianz as Financial Controller from 2014 and rose through the...

Usen Udoh

Usen Udoh is the Group Chief Human Resources Officer of the Dangote Group where he oversees a team of busines unit human...