Man Arraigned For N12 Million Fraud

Oct 28, 2011 – The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned a businessman before an Ikeja High Court, Lagos, for allegedly defrauding First City Monument Bank (FCMB) of N12 million.
The accused, Victor Omikunle, was arraigned on a four-count charge of conspiracy, fraud and forgery.

The EFCC prosecutor, Anselem Ozioko told the court that Omikunle committed the offences by obtaining a N12 million loan from FCMB under false pretences.

He said Omikunle collected the money under the pretext that it would be used to finance the supply of 5,000 tonnes of granite from Kopek quarry.

Ozioko further alleged that the accused had conspired with one Babatunde Larinde to forge a Certificate of Occupancy on a pledged property at No 3-5 Akinsola Street, Ijaiye, Lagos.

According to the prosecutor, the offences contravened Sections 1 (3) and 8 (a) of the Advance Fee Fraud and other Fraud Related Offences Act No. 14 of 2006.
They also contravened Sections 467 and 468 of the Criminal Code Laws of Lagos State of Nigeria, 2003.
The accused pleaded not guilty to all the charges preferred against him.

The presiding judge, Justice Olabisi Akinlade, ordered that the accused be remanded in Kirikiri Maximum Security Prisons and adjourned the matter to December 8.