crime
Man Arraigned for Diversion of N7m Bank Loan in Kaduna
The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC on Tuesday May 9, 2023 arraigned one Nur’deen Olaitan Amodu-Ode. beforeJustice Daruis Khobo of the Kaduna State High Court on charges bordering on criminal breach of trust.....KINDLY READ THE FULL STORY HERE▶
The defendant allegedly diverted a credit facility granted to him by his bank for the purchase of shares, and which was to be repaid within 180 days, for personal use.
The one count charge reads: ” That you, Grand Lynx Autoxpert Company Limited and Nur’deen Olaitan Amodu-Ode sometime in August, 2021 in Kaduna, within the jurisdiction of this Honourable Court, whilst being entrusted with the sum of Seven Million Naira (N7,000,000.00) by First City Monument Bank Plc to finance purchase of stocks for resale, dishonestly converted same to your own use in violation of the agreement and you thereby committed an offence contrary to Section 296 of the Kaduna State Penal Code Law 2017 and punishable under Section 297 of the same Law”.
The defendant pleaded not guilty to the charge when it was read to him, prompting the prosecution counsel, Moses Arumemi to ask for a date for trial to commence. But the defence counsel, A. Adama moved the application for the bail of the defendant. Justice Khobo granted the defendant bail in the sum of N5,000,000.00 (Five Million Naira) and one surety in like sum who must be a resident of Kaduna and must deposit his international passport with the registrar of the court.
The case was adjourned to July 4, 2023 for trial.
Judgment Shakes Delta: Court Confirms Idjerhe Monarch’s Throne, Rejects Ouster Claims
Tinubu Will Still Win In 2027” — APC Chieftain Yusuf Dismisses Performance Concerns
I Lost Happiness Early On” — Davido Reveals Pain Over Father’s Opposition To His Music Career
2027 Shake-Up: Tinubu Ally Adelabu Under Fire As Party Elders Demand Exit From Governorship Contest
Power Game In Rivers: Nyesom Wike Weighs Two Successors To Replace Siminalayi Fubara
Breaking: Federal Government Of Nigeria Bans Cement Importation, Releases Full List Of Restricted Goods
Abba Kabir Yusuf Declares: ‘I Am APC Leader In Kano, Ganduje Can’t Give Me Orders
Here’s What Happened” — Ex-Army Chief Buratai Speaks On Borno Airstrike Tragedy
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
