Court remands 2 in prison for defrauding Korean of $662,000

A Port Harcourt High Court, on Tuesday, ordered that two men; Aso Adasa Morrison and Frank Biobarakuma, be remanded in prisons custody till the next hearing of their case on May 24 and 27 of this year.
Morrison and Biobarakumo, as well as others still at large, are all facing a 17-count charge of conspiracy, forgery and fraud, preferred against them by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
 Nigerian Tribune gathered that the accused allegedly defrauded a Korean national, Jung Yongmin, of monies to the tune of $662,300 between the months March, 2012 and February 2013, or thereabout in Port Harcourt.
It was also gathered that the accused conspired among themselves to recieve from Mr Jung Yongmin,(trading under the name and style of Kunyang Frontiers Holdings Inc) the sum of $260,000 vide GTB Bank Account No 0123149230 of River Nun Marine Shuttle domocile in Port Harcourt under the pretext of the sale of  2 million barrels of Nigerian Light Crude Oil to the said company.
The suspects were also accused of fraudulently receiving another sum of $120,000 vide UBA account No. 3001561734 of Charter MarineLtd domocile in Port Harcourt under the pretext of the sale of 2 million barrels of Nigerian Light Crude oil to the said company.
The crime under the Corrupt Practices and Other Related Offences Act 2000 is contrary to Section 26(1)(c) and punishable under Section 13 read in conjunction with Section 68 of the Corrupt Practices and other Related Offences Act, 2000.
The prosecution further submitted that receiving money by means of an act constituting a felony to Section 13 and punishable under Section 68 of the Corrupt Practices and other Related Offences Act,2000.
The anti graft agency also added that obtaining by false pretence and with intent to defraud contrary to Section 1(a) and punishable under Section 1(3) of Advance Fee Fraud and other Related Offences Act, CAP 6 LFN 2004.
The accused were also alleged to have between March 2012 and February 2013 forged a document entitled: “Cargo On Board MT Front Scilla” addressed to Mr Jung Yongmin, Managing Director of Kunyang Frontiers Holdings, Inc. attesting to the authenticity of the sale of the 2 million barrels of Nigerian Light Crude Oil to company.
The duo were also accused of forging a document entitled ‘Notary Letter of Gurantee’ addressed to attesting to the authenticity of the said contract.
Tribune