‎N630m Fraud: Court Admits Evidence Against Beninoise Businessmen


Justice O. A. Taiwo of the State High Court sitting in Igbosere, Lagos, on March 30, 2017, admitted as evidence a Zenith Bank Plc statement of account tendered by the Economic and Financial Crimes Commission, EFCC, against Gnanhoe Sourou Nazaire, a citizen of Republic of Benin.
Nazaire is being prosecuted alongside Senou Modeste Finagnon , another Beninoire, for allegedly defrauding one Rachidatou Abdou and her company, Rana Prestige Manufacturing Industries Nigeria Limited, to the tune of N630,000,000 (Six Hundred and Thirty Million Naira Only).
One of the counts reads: ‘’ That you Gnanhoue Sourou Nazaire and Senou Modeste Finagnon between 5th January and 31st December 2012 in Lagos within the jurisdiction of this honourable court, with a dishonest intent converted to your own use the sum of N141,460,915 (One Hundred and Forty One Million, Four Hundred and Sixty Thousand, Nine Hundred and Fifteen Naira Only) property of Rana Prestige Manufacturing Industries Nigeria Limited and thereby committed an offence contrary to section 285(1) of the Criminal Code Law of Lagos State.’’
At today’s sitting, the document, which was admitted as exhibits B-C, was tendered by the prosecution counsel, Rotimi Oyedepo, through the prosecution witness, John Olorundare, Chief Compliance Officer, Zenith Bank Plc. Lagos.
When the prosecution counsel sought to tender some other documents detailing the transactions on the account of the first accused person, Nazaire, the defence counsel, Ricky Tarfa, SAN, objected to their admissibility , arguing that they are foreign documents.’’
Tarfa, who likened the documents to international passport, ECOWAS travels certificate, further submitted that the documents from the Zenith Bank were photocopies certified by the EFCC instead of the Corporate Affairs Commission and Zenith Bank Plc.
Consequently, Justice Taiwo adjourned to March 31, 2017 for continuation of trial.

Subscribe to Our VIP Newsletter

Previous articleEFCC Arraigns Directors, Firm Over N735m Subsidy Scam
Next articleNigeria Customs Intercepts Poultry Product Concealed in a Truck
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!


Please enter your comment!
Please enter your name here