Wonder Bank owner, wife arraigned for alleged N4 billion fraud

EFCC Operatives
EFCC Operatives

The Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned Patrick Nwokike and his wife, Rosemary, along with their company, “Lets Partner With You Limited”, before Justice Dugbo Oghoghorie of the Federal High court Enugu, on a 4-count charge bordering on advanced fee fraud.

They are also alleged to have operated a financial institution without a valid license, an offence in contravention of the banks and other financial institutions Act.

The EFCC had on October 6 arrested Patrick following several petitions alleging that he used his company to fleece them, to the tune of N4 billion.

One of the charges against them reads:

“That you, LETS PARTNER WITH YOU LTD, PATRICK SHANCHI NWOKIKE (Managing Director/CEO of LETS PARTNER WITH YOU LTD) and ROSEMARY IJEOMA NWOKIKE (Director of LETS PARTNER WITH YOU LTD) sometimes between 2015 and 2016 at Enugu within the jurisdiction of the Federal High Court of Nigeria Knowingly consented to the carrying on of banking business without valid license by the company and thereby committed an offence contrary to SECTION 2 (1) and 49 (1) of the BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, CAP B3, LAWS OF THE FEDERATION, 2004 and punishable under SECTION 2(2) of the same Act.”

They pleaded “not guilty”, when the charges were read to them.

The defence counsel, Orji Nwafor-Orizu, applied for their bail. He prayed the court to grant them bail on liberal terms, arguing that the offence was a bailable.

The prosecuting counsel, S. M. Ibekwute, however, opposed the bail application, urging the court to remand them in prison custody, pending trial.

After listening to both arguments, Justice Oghoghorie granted Patrick and his company bail in the sum of N2 million each with two sureties in like sum. One of the sureties must be a civil servant with Enugu State Government not lower than grade level 12, while the second surety must own a landed property in the state. Both sureties and their properties must be verified by both the EFCC and the defence counsel.

He ordered that Rosemary continue to enjoy the administrative bail earlier granted her by the EFCC.

The case has been adjourned to March 6, 2017 for commencement of trial.


DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD:Dr Dan,Suggest 5 Ways to Satisfy Your system and Last up 25Min In Bed When Having Sex, Click Here...


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.


  • amazing2012

    Satanic Igbo Christians

    • Lala Hansy

      You just read of charges levelled on people by EFCC and to you, they have been convicted..wisdom and understanding has completely eluded some Nigerians.

  • tunde008

    On sunday they will all open their dirty mouth to pray to God.

    • Lala Hansy

      At your age, you are unable to differenciate between Guilt and Allegation. It’s unfortunate what hate has led many to.

  • Julius

    Where is Rio pele, the biafraud avenger ? lolz