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Alleged N299.86m Fraud: Trial Of Petroleum Firm, Others Fixed For Jan. 26

The much awaited trial on Monday (yesterday) before Justice Saliu Saidu of a Federal High Court sitting at Ikoyi, Lagos State, Nigeria, of a limited liability company, OBD Petroleum Limited and seven others for allegedly defrauding a new generation bank a sum to the tune of N299.86m could not go on consequent upon the absence of the first defendant, Obinna Michael and OBD Petroleum Limited. 

When the matter came up for hearing yesterday, Obinna and OBD Petroleum Limited and their counsel were not in court forcing the prosecutor, Mrs Kehinde Bode- Ayeni to ask that the case be adjourned till further date. 

This prompted Justice Saliu to adjourn the matter till January 26, 2021 for trial. 

It would be recalled that the Federal Government of Nigeria (FGN) through the office of the Attorney General of the Federation (AGF)  had arraigned  OBD Petroleum Limited, Michael Obinna and five others for allegedly defrauding the Bank of the sum of N299.86m.

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