SPONSORED AD

SPONSORED AD

Trending Now

Flour Mills Defrauded Of N46m - EFCC


BY FRANCIS IWUCHUKWU

IKOYI, LAGOS STATE, NIGERIA - A Federal High Court sitting in Ikoyi, Lagos State, Nigeria, presided over by Justice Chuka Obiozor, was on Monday informed by the Economic and Financial Crimes Commission (EFCC), that a businessman, Ola Lawal, who also bears Lawal Roland, allegedly defrauded Flour Mills Plc of a sum to the tune of N46 million.

This revelation came when the anti-graft agency arraigned Ola Lawal before Justice Chuka Obiozor.

Also arraigned alongside Ola Lawal is his firm, DCAN Oil and Gas Limited.

The EFCC arraigned Ola Lawal on a two counts charge of fraudulent transfer of the said sum from the Flour Mills Nigeria Plc account number 1002792889  domiciled in United Bank of Africa (UBA) Plc to the oil and gas account number 0036695765 domiciled in Union Bank Plc.

Addressing the court, the Commission through its lawyer, M. K. Hussanj, insisted that Ola Lawal allegedly committed the offence on June 24, 2019.

M. K. Hussanj equally notified Justice Chuka Obiozor that the alleged offences committed by Ola Lawal are contrary to sections 2 and 15(2)(d) of Money Laundering (Prohibition) Act, 2011 (As Amended) and punishable under Section 15(2)(3) of the same Act. 

Ola Lawal however pleaded not guilty to the charges.  

As a result of his not guilty plea posture, M. K. Hussanj prayed Justice Chuka Obiozor for a trial date and equally requested that Ola Lawal be remanded in prison custody.

Responding, Godwin Dick, lawyer to Ola Lawal, said he  not opposing the trial date as asked by the prosecutor, but that he was ready to move his client's bail application, which he said has been filed and served on the prosecution since August.

Godwin Dick further told Justice Chuka Obiozor that he was just served with the prosecution's counter-affidavit today.

Godwin Dick therefore asked Justice Chuka Obiozor to take his client's bail application, as bail is at the court's discretion and that since the prosecution failed to file and serve its response before today.

In his ruling, Justice Chuka Obiozor who chastised the EFCC for not responding to the application, adjourned until October 15, 2019 for hearing of Ola Lawal's bail application and commencement of trial.

Justice Chuka Obiozor also ordered that Ola Lawal be remanded in the EFCC custody and that the EFCC should come with its witness(s).

The charge against Ola Lawal reads:

"That you, Ola Lawal (a.k.a Lawal Roland) and DCAN Oil and Gas Limited on or about 24th June, 2019 in Lagos within me Jurisdiction of this Honourable Court, fraudulently transferred the sum of N 46, 000,60030 (Forty-Six Million Naira) from Flour Mills of Nigeria Plc, Account Number 1002792889 domiciled in United Bank for Africa Plc to DCAN Oil and Gas Limited account number 0036695765 domiciled in Union Bank Plc, which you have known that the funds forms part of unlawful activities and thereby committed an Offence contrary to Section 2 of Money Laundering (Prohibition) Act, 2011 (As Amended) and punishable under Section 15(2)(3) of the same Act. 

"That you Ola Lawal (a.k.a Lawal Roland) and DCAN Oil and Gas United 24th June, 2019 in Lagos within the Jurisdiction of this Court possession of the sum of N46, 000,000.00 (Forty Six million) which you fraudulently transferred from Flour Mills of Nigeria account number 10027923389 domiciled in United Bank lot domiciled 'm Union Bank Account Number 0036695755 Which you reasonably ought to have known that such fund forms part of proceeds of an unlawful activities and thereby committed an Offence Contrary to Section 15(2)(d) of the Money Laundering (Prohibition) Act, 2011 (As Amended) and Punishable under Section 15(3) of the same Act."

For events coverage, breaking news and advert placement, contact us today @thenewsaccelerator@gmail.com or call our hotlines on +2348033599492, +2348022717838.

Copyright THE NEWS ACCELERATOR.

All rights reserved. This material and any other material on THE NEWS ACCELERATOR NETWORK  should not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from the Editor-In-Chief.






No comments