EFCC arraigns company director over alleged N9m fraud

The Economic and Financial Crimes Commission, EFCC, Monday arraigned
the Director, Ctradex Properties Limited, Chukwunyere Thomas Emefu
along with his company on a two-count charge bordering on dishonesty
and unlawful conversion to the tune of N9,000,000.

He was arraigned before Justice Yusuf Halilu of the Federal Capital
Territory, FCT, High Court, Maitama – Abuja.

EFCC spokesman, Tony Orilade in a statement in Abuja said it was
alleged that he converted to his personal use, the sum of N2.5
million, being part payment for a plot of land at Corona Garden
Estate, Plot 352, Cadastral Zone, Galadimawa District, Abuja.

Orilade added, "It was further alleged that in 2016, he also diverted
to his personal use, the sum of N6.5m for same purpose.

"The matter was subsequently reported to the EFCC for investigation;
upon completion of investigation, the accused was arraigned.

"Prosecuting counsel, Mary Onoja, told the court that the matter was
slated for arraignment and applied that the charges be read to the
accused person in order to take his plea.

"The accused pleaded not guilty to the two counts.

"In view of his plea, Onoja applied for a trial date and asked for
"accelerated hearing".

"Defence counsel, R.O. Adakole, however, moved the motion for the bail
of his client, arguing that "the reason for bail is to ensure that the
defendant stands his trial", and he was certain his client will not
jump bail.

"Justice Halilu, thereafter, adjourned the matter to January 17, 2019,
for "ruling" and ordered that the defendant be remanded in Suleja
Prison."

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