The Economic
and Financial Crimes Commission on Tuesday February 27, 2013 arraigned one Mr. Fashe David Kehinde Itopa before Justice
Sunday Ebenezer Aladetoyinbo of the High Court of the Federal Capital Territory,
Abuja on a two-count charge bordering on issuance of Dud Cheque to the tune of
N13 million (Thirteen Million Naira).
The accused
person who is the Managing Director of Wayves System Investment Limited was
alleged to have collected the sum (Thirteen Million Four Hundred Naira only) in
two installments from 31 (Thirty One) staff of Cherryfield College with the
promise that there will be an 18% monthly interest accruable from their
investment, a promise that he later reneged.
Attempt to
recover the said money failed especially as two Cheques he issued to his
customers bounced which led to the petition and his arrest.
Itopa pleaded
not guilty to the two count charge after which his bail application was moved
by the defence counsel, Nkem Okoro who urged the court to give bail on most
liberal terms since his client has been reporting diligently to the commission
ever since he was granted administrative bail and that he has no criminal
record.
The prosecution
counsel, Charlotte Dennis who did not oppose the bail application however said
having no criminal record has no basis in denying or granting bail. She stated
that a crime has already been committed.
The judge
granted the accused bail in the sum of N13m (thirteen million) and one surety
in like sum. The surety must have a landed property in Federal Capital
Territory.
The case has
been adjourned to May 7 and 8, 2013 for trial.
1 comment:
What is the update on this case? There was a court case this month as regards the issue. Any info?
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