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Alleged N3m Fraud: Lawyer Remanded In Ikoyi Prison


By Francis Iwuchukwu

EBUTE-META, LAGOS STATE, NIGERIA - A lawyer, Eric Igwe Okolo, has been remanded in custody of  Nigeria Correctional Services (NCS) formerly known as the Nigeria Prison Services (NPS) Ikoyi, Lagos, over alleged N3 million fraud.

Eric Igwe Okolo was ordered remanded by an Ebute-Metta Chief Magistrate Court, Lagos, presided over by Chief Magistrate A. O. Adedayo (Mrs). 

Chief Magistrate A. O. Adedayo (Mrs) arrived at the decision after Eric Igwe Okolo pleaded not guilty to four counts charge of obtaining under false pretences and stealing.

It would be recalled that Eric Igwe Okolo was arraigned before the Court on the alleged offences by the men of State Criminal Intelligence and Investigation Department (SCIID) Panti, Yaba, Lagos. 

The police particularly alleged that Eric Igwe Okolo who resides at Wole Boy Street Ajangbadi, committed the alleged offences on December 24, 2008.

The police insisted that Eric Igwe Okolo, with an intent to defraud, on December 24, 2008, obtained the sum of N1 million from one Emake Obiajulu on behalf of Chief Azubuike Ekwerekwu, under false pretence that he collected the money on the mandate of one Chinedu Onwumele.

The police further informed the court that Eric Igwe Okolo had on January 15, 2009, collected the sum of N2 million, from one Christopher Iloabanafo, on behalf of Chief Azubuike Ekwerekwu, under false pretence that he collected the money on the mandate of one Chinedu Onwumele.

The offence according to the police contravene sections 419 and 390(9) of the Criminal Code Cap. C-17, V. 11, Law of Lagos State of Nigeria, 2003.

But Eric Igwe Okolo pleaded not guilty to all the counts of the charge.

This prompted Chief Magistrate A. O. Adedayo (Mrs) to admit Eric Igwe Okolo to bail in the sum of N1 million with two sureties in like sum. 

The sureties, according to Chief Magistrate A. O. Adedayo (Mrs), must show to court evidence of three years tax payment to the Lagos State government, with verifiable means of livelihood and must be residents of Lagos State.

Chief Magistrate A. O. Adedayo (Mrs) also ordered that Eric Igwe Okolo be remanded in the Ikoyi facility of Nigeria Correctional Services (NCS) pending the perfection of the bail conditions. 

The matter has been adjourned until January 21, 2020, for mention. 

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