Banker arraigned over alleged US$93,000 fraud

A banker, Obinna Ezenwaka, who allegedly defrauded a businessman to the tune of 93, 000 US dollars, was on Monday arraigned before an Igbosere Magistrates’ Court in Lagos.

Ezenwaka, whose address was not given, is standing trial on a five-count charge of conspiracy, stealing, fraud, forgery and issuing of dud cheque.

The prosecutor, Sgt. Cyracus Osuji, told the court that the accused committed the alleged offences on Aug. 1, in Lagos.

He said that the accused conspired with one, still at large and obtained the sum of 93, 000 US dollars from one Mr Dominic Nwibo, under the guise of transferring the said money to Nwibo’s business partners and suppliers in China.

Osuji said that the accused knew that the representation he made to Nwibo was false.

According to the prosecutor, the accused forged a telex message which was to show that a transfer of the said 93, 000 US dollars was made to China, “just to convince the complainant, when no actual transfer was made”.

He also said that the accused issued a Diamond Bank cheque of N33.3 m, the naira equivalent of the said money, but the cheque was dishonoured on presentation due to insufficient funds.

Osuji , however, said that the accused stole the said money, and that the offences contravened Sections 285, 312 (a), 319, 363 and 409 of the Criminal Law of Lagos State, 2011.

The accused pleaded not guilty to the five-count charge preferred against him.

The Magistrate, Mrs O. M. Ajayi, admitted him to bail in the sum of N1m, with two sureties in like sum.

She said that the sureties must be gainfully employed, show evidence of tax payments to the Lagos State Governments and have their addresses verified by the court.

Magistrate Ajayi adjourned the case till Jan. 12, for mention.

How Badeh Converted Stolen N558 Million Monthly To US Dollars- Witness

A former director of finance and account for the Nigerian Air Force has narrated how former Chief of Air Staff, Alex Badeh, authorised his aide each month to convert over N558 million stolen government money to United States Dollars.

Salisu Abdullahi, a retired Air Commodore and former director of finance and account, told a court that the man who converted the money monthly was brought in solely for that purpose.

Mr. Badeh is facing trial at the Federal High Court, Abuja, on allegations of fraud.

Mr. Abdullahi, who is a witness, had told the court during his examination that Mr. Badeh personally received over N558 million monthly.

The money was balance after payment of monthly salaries to Air Force personnel.

“Out of the balance of N1.6 to N1.7 billion, the sum of N558 million was taken to Mr. Badeh’s personal residence at Niger Barracks after it is exchanged to dollar,” Mr. Abdullahi stated.

Mr. Abdullahi further stated during cross-examination that the officer in charge of the said conversion of Nigerian currency into US dollars for Mr. Badeh, identified simply as Group Captain Sini, was ordered to be brought to his (Mr. Abdullahi’s) office where Mr. Sini’s main responsibility was to convert the said sum, on a monthly basis.

The dollars were handed over Mr. Abdullahi who took it to his principal.

Credit: PremiumTimes