EFCC Arraigns FirstNation Airways’ MD, Odukoya, for N1.7bn Fraud

Related stories

Natasha vs Akpabio: Court Orders Senate President To Recall Senator Natasha

Warns Natasha Against inappropriate Conduct By Abiola Olawale The Federal...

Hadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APC

By Abiola Olawale Former Minister of Aviation, Hadi Sirika, has...

China Snubs U.S. Crude for Third Month, Even as Ethane Trade Restarts

China has avoided buying U.S. crude oil for three...

Super Eagles Icon Peter Rufai Passes Away at 61

By Abiola Olawale The Nigerian football community has been thrown...

Dakuku Peterside’s Beneath the Surface Book Out in October

By Abiola Olawale Masobe Books, a renowned publisher has announced...

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Friday, March 16, 2018, arraigned Kayode Odukoya , Managing Director, FirstNation Airways before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja on a four-count charge bordering on forgery, use of false information, perjury and stealing to the tune of N1, 741, 994, 962.04 (One Billion, Seven Hundred and Forty- one Million, Nine Hundred and Ninety -four Thousand, Nine Hundred and Sixty -two Naira, Four Kobo).
The defendant allegedly forged the Memorandum of Loss of Lagos State Certificate of Occupancy in respect of a property located in Lagos, so it could be acted upon as genuine.
One of the counts reads:
“That you, Kayode Odukoya, on or about the 21st day of March, 2013 in Lagos within the Lagos Judicial Division knowingly forged the Memorandum of Loss of Lagos State Certificate of Occupancy Registered as No. 33 at page 33 in Volume 1011 at the Lagos State Registry, Alausa, Ikeja in respect of property being and situated at No. 29 Oduduwa Street, Ikeja GRA Lagos State with intent that the document may in any way be used or acted on as genuine to the prejudice of another.”
Another charge reads: “That you, Kayode Odukoya, FirstNation Airways Limited and Bellview Airlines Limited, on or about the 7th day of October, 2016 in Lagos within the Lagos Judicial Division dishonestly converted for your own use the sum of N1, 742, 994, 962.04 (One Billion, Seven Hundred and Forty-one Million, Nine Hundred and Ninety-four Thousand, Nine Hundred and Sixty-two Naira, Four Kobo) property of Skye Bank Plc.”
The defendant pleaded not guilty to the charge when it was read to him.
In view of this, the prosecution counsel, Zainab Ettu, asked the court for a trial date and to remand the defendant in prison custody so as to compel his appearance in court.
“The defendant jumped the administrative bail given to him by the EFCC and refused to show up for his arraignment scheduled for March 9, 2018 before this court.
“He was apprehended by the Operatives of the Commission to ensure his arraignment today,” Zainab Ettu said.
Counsel to the defendant, however, urged the court to admit his client to bail.
The defence counsel further told the court that the defendant was not a flight-risk, adding that “he is well known in the business sector in the country.”
After listening to both parties, Justice Dada adjourned the case to March 26, 2018 for hearing of the bail application and April 7, 8 and 9, 2018 for commencement of trial.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Natasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsSuper Eagles Icon Peter Rufai Passes Away at 61Dakuku Peterside’s Beneath the Surface Book Out in OctoberOil Prices Dip on Confirmation of Inventory BuildBuhari In Stable Condition - Ex-Aide ConfirmsBREAKING: Ex-President Buhari sick, hospitalised abroad2027: Abure, Usman Clash Over Peter Obi’s Rising Profile in ADC CoalitionMTN’s Dabengwa Tier III Cloud Data Centre: A New Era for West African Tech and AIGanduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown2027: Peter Obi Vows, Says ADC Coalition 'll prioritize Nigerians’ WelfareTragedy! Liverpool Star Diogo Jota Dies in Car Crash in Spain
X whatsapp