Wednesday, March 11, 2015

Two arraigned for N.643m investment fraud

 The Economic and Financial Crimes Commission, EFCC, on March 10, 2015 arraigned Samuel Denedo, Okpako Ejiro and a company, Denox Trust MPCS Limited before Justice M.T Abubakar of the Federal High Court, Warri, Delta State on a 2- count charge bordering on Conspiracy and Obtaining Money by False Pretence to the tune of N643, 000.00 (Six Hundred and Forty Three Thousand Naira).
The accused persons allegedly collected various sums of monies from unsuspecting members of the public under the guise of running an investment scheme, for which they were promised mouth watery interest.
But they diverted the funds to their own use.
Count two  of the charge reads , “That you Samuel Denedo, Okpako Ejiro and Denox Trust MPCS Limited on or about the 30th day of January, 2010, at Ughelli, within the Jurisdiction of this Honourable Court, with intent to defraud did obtain the sum of six hundred and forty three thousand naira from Okulonye Pius under the false pretence of an investment scheme and thereby committed an offence contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2004 and punishable under section 1 (3) of the same Act”.
They pleaded not guilty to the charge.
 
 In view of the pleas of the accused persons, the prosecution counsel M.T Iko asked the court for a trial date.
In response, the defence counsel M.B Erhire presented an oral bail application for his clients but Justice Abubakar adjourned the matter to May 6, 2015 for trial and remanded the accused in prison custody.

No comments: