N1.2bn Fraud: EFCC Arraigns POS Operator, Two Others

Cat:

Related stories

Edwin Cortes: Prefers Being A Small Puerto Rican Than Big American

By Owei Lakemfa To be a citizen of the United...

June 12 And The International Pursuit of Justice For Abiola, By Femi Falana

The June 12, 1993, pro-democracy struggle in Nigeria is...

Breaking Down the West’s $146 Billion 2024 Defence Technology Investment

Advanced technologies like drones, sensors, and even artificial intelligence...

G7 vs. the World: GDP, Population, and Military Strength

Key Takeaways G7 countries represent 28.4% of global GDP...

US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says

U.S. energy firms this week cut the number of...

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Thursday, June 28, 2018, arraigned the trio of Ifeanyi Nwaneri, Omede Silas Shehu and Monday Akor before Justice M.S. Hassan of the Federal High Court sitting in Ikoyi, Lagos State on an 11-count charge bordering on money laundering to the tune of N1, 231,105,297.80(One Billion, Two Hundred and Thirty-one Million, One Hundred and Five Thousand, Two Hundred and Ninety- seven Naira, Eighty Kobo).
The first defendant, Nwaneri, a customer with Access Bank Plc, was alleged to have fraudulently carried out several transactions on the Point of Sales, POS, terminal enabled for international transactions/ cards, which was issued to him by the bank.
At the time of his arrest, Nwaneri was said to have withdrawn a sum of N532, 929,914.91 (Five Hundred and Thirty-two Million, Nine Hundred and Twenty-nine Thousand, Nine Hundred and Fourteen Naira, Ninety-one Kobo), leaving a balance of N677, 856,826.80 (Six Hundred and Seventy-seven Million, Eight Hundred Fifty-six Thousand, Eight Hundred and Twenty-six Naira, Eighty Kobo) in his account.
One of the counts reads: “ That you, Ifeanyi Nwaneri, Omede Silas Shehu and Sunday Akor, between August 5, and September 18, 2017 within the jurisdiction of this Honourable court, conspired amongst yourselves to retain the sum of N1, 231,105, 297.88(One Billion, Two Hundred and Thirty-one Million, One Hundred and Five Thousand, Two Hundred and Ninety- seven Naira, Eighty Kobo) only, which sum you reasonably ought to know forms part of the proceeds of unlawful activity to wit: stealing, and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) Amendment Act, 2012 and punishable under Section 15(3) and 4 of the same Act.”
The defendants pleaded not guilty when the charge was read to them.
In view of their pleas, the prosecution counsel, Nnaemeka Omewa, asked for a trial date and prayed the court for the defendants to be remanded in prison custody.
However, counsel to the defendants told the court that they had filed applications for bail on behalf of their clients and pleaded with the court for a short date to hear their applications.
Consequently, Justice Hassan adjourned the matter to July 18, 2018 for hearing of the bail applications and for continuation of trial.
The defendants were ordered to be remanded in prison custody.

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
Edwin Cortes: Prefers Being A Small Puerto Rican Than Big AmericanJune 12 And The International Pursuit of Justice For Abiola, By Femi FalanaBreaking Down the West’s $146 Billion 2024 Defence Technology InvestmentG7 vs. the World: GDP, Population, and Military StrengthUS drillers cut oil and gas rigs for 10th week in a row, Baker Hughes saysExclusive! Tinubu Tips Late Ajimobi's Wife, Florence, Others for Ambassadorial PostsTinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter RufaiNatasha 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 RestartsHow Super Eagles Icon Peter Rufai passed 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 abroad
X whatsapp