EFCC Arraigns Businessman for N9m fraud


The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a businessman, Obi Terry, before Justice Mojisola Dada of the State High Court, sitting in Ikeja on one-count charge of stealing.

The defendant was arrested by EFCC operatives in September 2017 following a petition received in the commission’s Lagos office, alleging the defendant and his Chinese wife, Mrs. Obi Liu Hiu Yong, of swindling one Mr. Okezue Chinedu Johnson of N9million.

The defendant and his wife (still at large) was said to have transacted a business with Okezue promising the complaint the production and importation of Thermal Paper Rolls from China into Nigeria.

Consequent upon receiving money from Okezue, the defendant and his wife refused to fulfil their part of the transaction, instead, planned to flee the country.

The charge was read to the defendant.

It states: “That you, Obi Terry between November 2016 and May 2017 at Lagos within the jurisdiction of this Honourable Court dishonestly converted to your own use the sum of N9, 000, 000.00k (Nine Million Naira) property of Mr. Okezue Chinedu Johnson.”

The defendant pleaded not guilty to the count charge filed against him.

The prosecution counsel, Mohammed Usman, asked the court for a trial date and prayed the court to remand the defendant in prison custody.

 The counsel to the defendant, Checthan, informed the court that he had filed a bail application and served same on the prosecution. He therefore prayed the court to admit his client to bail.

Usman opposed the prayers and told the court that the defence counsel served him with the bail application yesterday morning in the courtroom. He asked the court to give him time to respond to the application

Justice Dada, however, adjourned the matter till February 7, 2018 and remanded the defendant in Ikoyi prison pending the determination of his bail application.

Be the first to comment!
Leave a reply »


Leave a Response