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How RCCG Pastor/Oil Marketer, Ayodeji Ibrahim Oluokun, Allegedly Issued Two Post-Dated $1.6m Standard Chartered Bank Dud Cheques To Firm


BY FRANCIS IWUCHUKWU 


IKEJA,  LAGOS STATE, NIGERIA - The trial of an Oil marketer, Ayodeji Ibrahim Oluokun, who was charged before an Ikeja Special Offences Court, Lagos State, Nigeria, over alleged issuance of dud cheques valued at $1.6 million, will come up on October 10, 2019.


It would be recalled that Ayodeji Ibrahim Oluokun, who is said to be an Assistant Pastor of the Redeem Christian Church of God (RCCG), City of David Parish, Victoria Island, Lagos, was charged before Justice Oluwatoyin Taiwo who presided over the court,  alongside his oil firm, Peak Petroleum Industry Nigeria Limited, by the Economic and Financial Crimes Commission (EFCC) on two counts charge that had to do with the offence. 


The anti-graft agency had initially arraigned the defendants on January 21, 2019.


In the charge designated ID/8509c/19, the Commission alleged that the defendants, sometimes in 2014, approached the management of GOSL Nigeria Limited, for a loan in the sum of $1 million and $666,666 respectively to enable him carry out operation activities in his company's oil field in Bayelsa State.


Ayodeji Ibrahim Oluokun was equally alleged to have assured the firm which is the complainant in the charge against him, that he would repay the money within a year.


But consequent upon the alleged failure of Ayodeji Ibrahim Oluokun's failure to repay the loan as promised, he allegedly issued two post-dated Standard Chartered Bank Nigeria Limited cheques dated June 26, 2014 for the sum of $1 million and $666,666 respectively.


The anti-graft agency particularly stated that upon presentation of the cheques to the bank for withdrawal by the complainant for withdrawal on several occasions, they were returned due to insufficient funds.


The EFCC insisted that the offence is contrary to and punishable Section 1(1) (b) of the Dishonoured Cheques (Offences) Act, Cap D 11 Laws of the Federation of Nigeria, 2004.


But Ayodeji Ibrahim Oluokun pleaded not guilty to the charges and admitted him to bail in same terms and conditions.


One of the charges read: “That you, Ayodeji Ibrahim Oluokun and Peak Petroleum Industry Nigeria Limited, on or about 26th June, 2014, at Lagos within the Ikeja Judicial Division issued a Standard Chartered Bank Nigeria Limited Cheque dated 26th June, 2014 for the sum of $1,000,000 (One Million Dollars) only payable to GOSL Nigeria Limited, which when presented for payment was dishonoured on the grounds that no sufficient funds were standing to the credit of the account on which cheque was drawn".


The second count reads: “That you, Ayodeji Ibrahim Oluokun and Peak Petroleum Industry Nigeria Limited, on or about 26th June, 2014, at Lagos within the Ikeja Judicial Division issued a Standard Chartered Bank Nigeria Limited Cheque dated 26th June, 2014 for the sum $666,666 (Six Hundred and Sixty-Six Thousand, Six Hundred and Sixty-Six Dollars only) payable to GOSL Nigeria Limited which when presented for payment was dishonoured on the grounds that no sufficient funds were standing to the credit of the account on which cheque was drawn."


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