Featured Politics News

EFCC re-arraigns MD of First Nation Airline over N2.1bn fraud

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned the Managing Director of First Nation Airways Ltd., Mr Kayode Odukoya, over alleged N2.1 billion fraud.

The commission brought Odukoya before an Ikeja Special Offences Court on a seven-count charge.

The EFCC had on March 15, 2018, arraigned the defendant before the same court for allegedly fraudulently obtaining a credit facility worth of N2.1 billion from the defunct Skye Bank, now Polaris Bank.

The defendant, also the Managing Director of Bellview Airline, was arraigned then on a four-count charge of forgery, use of false document, perjury and stealing of N1.7 billion.

He, however, pleaded not guilty and was  granted bail.

On Monday, the anti-graft agency re-arraigned the defendant on a  seven-count charge bordering on  forgery, use of false document, perjury, stealing and obtaining credit by fraud.

He still  pleaded not guilty.

Following his not guilty plea, EFCC counsel, Mr Nnaemeka Omewa, told the court that the EFCC had already called five witnesses to prove its case.

He said that prosecution would be closing its case against Odukoya.

However, defence counsel, Mr Edoka Onyeke, said that due to the fresh charges, defence would like to recall three prosecution witnesses for cross-examination.

He appealed to the court to allow his client to continue on bail granted him on his first arraignment.

Justice Mojisola Dada granted Onyeke’s request and adjourned the case until  Feb. 15 for Odukoya to begin defence.

Related posts

Nigerian Stocks Rise to Eight-week High on Oil Prices’ Gain

Our Reporter

FG determined to build on achievements of last 4 years – Buhari

By Abisola THOMPSON

Nigeria@60: Expert urges NERC to sanction investors for breaking rules of engagement

Aliyu DANLADI 

Saraki kicks as EFCC urges final forfeiture of Ikoyi properties

Meletus EZE

CCB to partner NIS in fight against corruption

By Kunle SHONUGA

Ikoyi Custodial Centre frees 53 inmates

Aliyu DANLADI