Operatives of the Economic and Financial
Crimes Commission have arrested the Group Managing Director of BGL Plc,
a Lagos-based financial services company, Mr. Albert Okumagba, for
alleged N28.9bn fraud.
An operative of the commission, who
confided in our correspondent, said that those investigating the matter
had been grilling the BGL boss for allegedly obtaining money by false
pretences.
Though Okumagba on Thursday made a bid
for his freedom but he failed to obtain an interim injunction barring
the EFCC from arresting him.
Justice Mohammed Yunusa refused to grant the ex parte application argued by Okumagba’s counsel, Kolawole Reheem.
He also refused to order the EFCC to appear in court to justify why Okumagba’s prayers should not be granted.
Rather than grant Okumagba’s prayers,
Justice Yunusa asked that the processes should be served on the
respondents in Lagos as prayed in reliefs 5 and 6.
Read More http://www.punchng.com/news/n28-9bn-fraud-efcc-arrests-bgl-boss-okumagba/
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