Wednesday, November 5, 2014

N90m fraud: EFCC Arraigns Ecobank Manager

The Economic and Financial Crimes Commission, has arraigned a former bank manager, Efe Egube and Ocean Energy Trading and Services Limited, before Justice Oluwatoyi Ipaye of the Lagos High Court sitting in Ikeja.
  The Gist Plus Magazine learnt that the defendant, who was a branch manager of the defunct Oceanic Bank now Ecobank, allegedly received a sum of N90m from a customer, Alhaji Sanusi Kamba, to supply him (Kamba)petroleum products.
Our correspondent gathered Kamba, who owns Aminu Gandi Petroleum Limited, had paid the sum to the ex-banker sometime in January, 2008.
Egube, however, neither supplied the products nor refunded the money to the marketer.
The defendant, who manages Energy Trading and Services Limited, was subsequently brought before Ipaye on 18 counts bordering on obtaining money by false pretence – to which he pleaded not guilty.
The charges read in part, “That you Efe Egube and Ocean Energy Trading and Services Limited on or about January 22, 2008 within the Ikeja Judicial Division of this Honourable Court, with Intent to defraud, obtained the sum of N6m from Aminu Gandi Petroleum Limited, by falsely representing that the money was part payment for the supply of petroleum products from you to them which representation you knew to be false.”
The agency’s prosecution counsel, Ben Ubi, asked for a trial date after the defendant pleaded not guilty to the offences.
Ubi said, “We will consider taking custody of the defendant for one week and after the hearing of the bail application, we shall pray that he should be remanded in the proper place of custody.”
The defence counsel, J. A. Obodoechi, informed the court that she had filed an application for bail for the defendant and sued for the remand of the defendant in EFCC custody considering his health.
Justice Ipaye adjourned the case to November 12, 2014 for hearing and ordered that the defendant be remanded in EFCC’s custody.
Additional report from Punch

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