Friday, May 30, 2014

Bizman Arraigned for Dud Cheque

The Economic and Financial Crimes Commission on May 28, 2014 arraigned one Igwilo Emeka Henry before Justice Chudi Nwankwor of the Anambra State High Court, Onitsha on one count charge of obtaining money by false pretence and issuance of dud cheque. 

 

The accused who is a trader allegedly made a deposit of two hundred thousand naira (N200, 000.00) to Party West Nigeria Limited to facilitate the release of goods worth Three Million Naira to him.
The goods were released on trust, with the understanding that the balance would be paid within two weeks. At the expiration of the deadline, the suspect issued the company a UBA cheque No. 14725821 for Two Million, Eight Hundred Thousand Naira (N2.8M). The cheque was however returned unpaid due to insufficient fund in the account.

 

The charge reads, “Igwilo Emeka Henry, on or about the 30th day of June, 2012 in Onitsha within the jurisdiction of the High Court of Onitsha, Anambra State with intend to defraud, knowingly and fraudulently issued a United Bank for Africa (UBA) Cheque No, 14725821 dated 30th June, 2012 in the sum of Two Million, Eight Hundred Naira (2,800.000.00) to Party West Nigeria Limited which when presented for payment within three months of issuance was dishonoured on the ground of insufficient funds in the account on which the cheque was drawn and thereby committed an offence”.

 The offence Contrary to section 1(1) (a) of the Dishonoured Cheques Offences Act, Cap D11, Laws of the Federation, 2004 and punishable under section 1 (1) (b) (i) of the same Act”.

The accused was remanded in prison custody and the case adjourned to June 2, 2014 for hearing of bail application.

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