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The Economic and Financial Crimes
Commission EFCC, on Tuesday May 3, 2016, arraigned Obiageli Funmilayo Nwagu on
a six count charge of Obtaining Money by False Pretence and Issuance of Dud
Cheques before Justice C. O Ajah of the State High Court, Enugu.
The accused person pleaded not
guilty on all counts.
In view of the accused person’s
plea, the defense counsel, O.A.U Onyema prayed the court to grant the accused bail.
But the prosecuting counsel, M.A Shehu opposed the bail application and
immediately drew the attention of the court to two separate applications for
bail by the defense. The defense counsel immediately withdrew the earlier
application, which the court granted.
The EFCC counsel then prayed the
court to adjourn the case to enable the prosecution respond to the bail application.
“Filing two different motions for bail for the same accused person in the same
court is an abuse of court process hence I could not respond to any of the
motions. I therefore pray the court to adjourn to allow prosecution file its
counter to the motion.” Shehu said.
The court granted the
prosecutions’ plea, and then adjourned to June 6, 2016, for hearing of the
motion for bail and
commencement of trial, while the accused person continued to enjoy the administrative bail
granted her by the EFCC.
Nwagu allegedly took a loan of N8,
433,547.00 from a licensed money lender, and further introduced seven others
who jointly took loans from same lender, with Nwagu standing as guarantor. The
monies borrowed plus accrued interest amounted to a total sum of N25,
859,031.00, for which all seven borrowers and Obiageli issued cheques of
different banks which when presented for payment were returned unpaid as the
various accounts were not funded.
One of the charge reads: “That
you, Obiageli Nwagu trading under the name
and style of Pizzaz Enterprises on or about the 2nd day of
December, 2013 at Enugu within the jurisdiction of the High Court of Enugu
State issued a First City Monument Bank Plc cheque No: 01952241 dated 2nd
December, 2013, valued at N3,800,000.00 to Chinwe Uzakah, the said cheque when
presented for payment within three months was dishonored on the grounds that
insufficient funds were standing to the credit of the account upon which it was
drawn and thereby committed an offence contrary to Section 1(1) of the
Dishonored Cheque (Offences) Act, Cap D11, Laws of the Federation 2004 and
punishable under Section 1(1) (b) of the same Act”.
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