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Saturday, 24 October 2015

3 SIZZLING EFCC STORIES.... YOU CANT BELIEVE WHAT NIGERIANS DO TO GET RICH



EFCC Docks Another ImposterThe Economic and Financial Crimes Commission, EFCC, on Thursday, October 22, 2015 arraigned one Folusho Stephen before Justice C.N Oji of the High Court of the Federal Capital Territory sitting in Apo, Abuja on one count charge bordering on impersonation and fraud, contrary to Section 320 (a) of the Penal Code.

Stephen allegedly posed as a staff of the EFCC, and attempted to defraud one Henry O. Ojogo, a former accountant general, Cross River State, to the tune of N600,000.00 (six hundred thousand naira) to enable him give the victim a soft landing in a case he purportedly had with the Commission.

The accused, while parading as a staff of the Commission, asked the victim to pay the sum of N400,000.00 (four hundred thousand naira) within an hour and the balance of N200,000 (two hundred thousand naira) at a later date into a particular account in one of the  new generation banks to enable him destroy a purported case file.
Ojogo, confident that, he had no skeleton in his cupboard, suspected a foul play and consequently reported the case to the Commission who swung into action and advised the victim to play along before the law caught up with him.

The charge reads:
“That you, FOLUSHO STEPHEN on or about the 23rd day of April, 2015 at Abuja within the jurisdiction of this honourable court fraudulently attempted to induce one Henry O. Ojogo to deliver the sum of N400,000 (four hundred thousand naira) to you by deceiving him that you were a staff of the Economic and Financial Crimes Commission (EFCC) and that you are in possession of the petition written against him to the Commission for abuse of office and that you will assist him to destroy the case file and thereby committed an offence contrary to section 320 (a) of the PENAL CODE LAW and punishable under section 322 of the same law.”
 
The accused admitted committing the crime when the charge was read to him.

Upon the accused plea of guilty, counsel to EFCC, Victor Ukagwu urged the court to convict and sentence him in accordance with the provisions of Section 274 of the Administration of Criminal Justice Act 2015.

Justice Oji adjourned the case to Friday, October 23, 2015 for reviewing of facts by the prosecution.



N789Million Subsidy Scam: EFCC CLOSES CASE AGAINST MAJOPE INVESTMENT, 4 OTHERSThe Economic and Financial Crimes Commission EFCC, on Thursday, closed its case against Opeyemi Ajuyah, Majope Investment, Abdullahi Alao, Axenergy, and Olarenwaju Olalusi who are standing trial in a N789Million( Seven Hundred And Eighty Nine Million Naira) subsidy scam. 

At the resumed hearing of the case on Thursday,  prosecuting counsel,  S.A. Ateh, presented a witness: Irene Moses who worked as a Terminal Manager for Oando plc at the time the alleged fraud was committed,  and  currently works as Terminal Manager, Joint Venture for the same organization. In his testimony,  Moses told the court that as at the time he was Terminal Manager for Oando plc at Lister Oil,  Oando had an exclusive use of the Lister Terminal. The witness was shown exhibit 60 which he identified as the summary of his company's activities with  MT Brave concerning the receipt and discharge of fuel a between January 20 and 22,  2011. 

According to him, MT Brave only discharged a little above 4,285.141 metric tons of Premium Motor Spirit, PMS, and not 20,000 metric tons documented. In a cross examination,  Moses denied that Onando plc was keeping products for other companies during the subsidy regime.  He equally  denied saying in his earlier testimony of 14 May, 2013 that other companies imported products through Lister Depot.

After concluding the cross examination,  counsel to the first and second defendants, O Ajanaku,  told the court that he had an application requesting for the production of Prosecution witness 2, (PW2) but Justice Lateefat Okunnu said this would be at the discretion of the prosecution team. She subsequently adjourned the case to 27 October 2015 for hearing of a motion raised by Ajanaku.


Man Bags Six Months Jail Term For N1.2m  Stock FraudThe Economic and Financial Crimes Commission, EFCC, on Thursday, October 22, 2015, secured the conviction of one Bashir Olumuyiwa, Managing Director, Asset Multipliers and Growth Concept Limited, before Justice Abubakar Idris Kutigi of the Federal Capital TerritoryHigh Court, Abuja.
 
The convict was arraigned on  May 21, 2015 on an amended five-count charge of criminal breach of trust to the tune of  N1, 236,000.00 ( One Million Two Hundred and Thirty-Six Thousand Naira).


The offence is punishable under Section 312 of the Penal Code.
 
One of the counts reads:  “That you Bashir Olumuyiwa on or about the 5th day of February, 2008 at Abuja within the Abuja judicial division of the High Court of the Federal Capital Territory being entrusted with an Oando Share certificate valued at N310,000.00k( Three Hundred and Ten Thousand Naira), property of one Mr. Enoman Otom given to you for the purpose of stock trading, sold the shares and dishonestly converted the proceeds to your own use and thereby committed an offence punishable under section 312 of the Penal Code Law Cap 532 laws of the Federation of Nigeria( Abuja) 1990”.
 
 
Delivering his judgment, Justice Kutigi discharged and acquitted the convict on counts one, two and five; but found him guilty on counts 3 and 4 and sentenced him to six months imprisonment on both counts
The convict was also ordered to pay the sum of N236, 000.00 in restitution to the victim.

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