Categories: featuredNews

EFCC Arraigns Two For N55m Fraud

The Economic and Financial Crimes Commission, EFCC, on Thursday, February 9, 2017 arraigned the duo of Usman Liman and Sanusi Mohammed before Justice A.A Aderemi of the Oyo State High Court Ibadan, on an 8-count charge bordering on conspiracy, forgery and stealing of N55,104,579.84 (Fifty Five Million One Hundred and Four Thousand, Five Hundred and Seventy Nine Naira, Eighty Four Kobo).

The accused persons, however pleaded not guilty to the charges.

Justice Aderemi granted the accused bail in the sum of two hundred thousand Naira only with two sureties each in like sum. The sureties must be civil servants working in Oyo State, not below grade level 10, and must have landed properties in Oyo State and depose to an affidavit of means.  They are also to report every first Monday of each month at the Economic and Financial Crimes Commission (EFCC) office, in Kano pending the determination of the matter.

One of the count reads: “That you, Usman Liman and Sanusi Mohammed on or about January, 2013 at Ibadan within the Ibadan Judicial Division of this Honourable Court, with intent to defraud, stole and fraudulently converted 346 (Three Hundred and Forty Six) units of Qinqoi (QM125-4) Motorcycles valued at N48,440,000.00 (Forty Eight Million Four Hundred and Forty Naira) which you obtained from Rola Enterprises Limited, the Motorcycles meant for distribution on loan to members of Non-Academic Staff Union Multi-purpose Co-operative Society of Federal College of Education (Technical) Gusau.”

Usman and Mohammed’s journey to the dock followed a petition to the EFCC alleging that sometime in November 2012 the duo approached Rola Enterprise Limited, a company that deals in various brands of motorcycles and 3-wheelers, at Ibadan, that they needed 500 units of qinqoi (QM125-4) motorcycles on credit for members of their Co-operative Society at the Federal College of Education, Technical, Gusau, Zamfara State. The company informed the duo that for a supply of such magnitude, appropriate documentation was necessary. The duo allegedly presented forged documents to secure a deal and diverted the 346 motorcycles to their personal use.

Justice Aderemi adjourned the matter to March 27 and 28, 2017 for the commencement of trial.

Recent Posts

Harsh Economy: Nigerians React As President Tinubu Spotted With Over 60-Vehicle Convoy In Lagos

In a video making waves on social media platforms, Nigerians have reacted with mixed feelings…

8 hours ago

Man Arrested For Insulting President Tinubu, Sanwo-Olu, IGP

A popular Nigerian TikToker identified simply as Seaking has been arrested by operatives of the…

14 hours ago

The Longest Prison Sentences Ever Served

Throughout history, some individuals have endured extraordinarily long prison sentences, with their stories reflecting the…

15 hours ago

Families Call For Help As DSS Arrests Lovers In Osun Community

There is growing tension in Modakeke, Osun State, following the alleged arrest of two lovers,…

19 hours ago

Ibadan Stampede: I Regret Not Heeding Spiritual Warning – Woman Who Lost Two Kids

A victim of the stampede that occurred in Ibadan, Oyo State capital, which has claimed…

19 hours ago

Trending Stories In Osun Today

The vibrant Osun State is no stranger to captivating events and headlines that draw attention…

20 hours ago

This website uses cookies.