Home Court & Crime Osun Civil Servant Docked for Alleged N83.5m Fraud

Osun Civil Servant Docked for Alleged N83.5m Fraud

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By Richard Thomas, Ibadan

The Economic and Financial Crimes Commission (EFCC) Ibadan Zonal Office on Wednesday, October 7, 2020, arraigned the trio of Adegoke Johnson Adebayo, Ayodele Elijah Olubunmi Sunday and Adelowo Waheed Adewole, before Justice Ladiran Akintola of the Oyo State High Court, Ibadan for N83.5 million loan fraud.

The suspects, who are staff of Osun State Environmental Protection Commission, and president, secretary and treasurer of the Commission’s staff cooperative society, respectively, allegedly diverted the sum, obtained as a loan for the cooperative members.

According to a release by Wilson Uwujaren, Head, Media and Publicity of the commission,  the EFCC preferred a 10-count charge, bordering on conspiracy, abuse of office, stealing, forgery, altering, and obtaining money under false pretence against them.

One of the charges read: That you, Adegoke Johnson Adebayo (President), Ayodele Elijah Olubunmi Sunday(Secretary) and Adelowo Waheed Adewole (Treasurer) and Gbenga Joseph Zacheus (at large) sometime in the year 2014, at Yemetu, Ibadan, within the Ibadan Judicial Division of this honourable court, obtained the sum of N83.5million only from First Bank of Nigeria Limited by falsely pretending that it is a loan, strictly for members and staff of  the Osun State Environmental Protection Commission (Osogbo) Staff Co-operative Investment and Credit Society Limited which representations you knew to be false and you thereby committed an offence.”

They pleaded not guilty to the charges, upon which prosecution counsel, Dr Ben Ubi, applied for a trial date and an order for the defendants to be remanded in a correctional facility, while defence counsel, A. T. Adeleye, informed the court of a joint bail application of her clients which she said, has been served on the prosecution.

The judge adjourned the case till October 14, 2020, for the hearing of the bail application and ordered that the defendants be remanded in the custody of Nigerian Correctional Service.

Trouble started for the defendants following a First Bank of Nigeria PLC petition to the EFCC, alleging that the threesome, sometime in 2014 approached the bank for a loan facility to the tune of N83.5million on behalf of members of the society, but discovered a foul play as the loan beneficiaries began making the repayment in amounts that fell far below the agreed monthly instalment.

In the course of investigations, the EFCC discovered that the defendants cooked up the list of the loan beneficiaries and other documents they presented to the bank for the processing of the loan.

 

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