Ex-banker, others get bail in N87 million fraud

Justice court law
Justice court law

A Federal High Court sitting in Port Harcourt, the capital of Rivers State, has granted bail to three people accused of bank fraud to the tune of N87million.

Justice U.N Agomoh on Tuesday granted bail to Uchenna-Dike Ogbonnaya, Uchenna-Dike Ugomma and Ukeni Adanne, who were charged by the Economic and Financial Crimes Commission, EFCC for a 17-count charge.

The charges border on stealing, conspiracy, money laundering and obtaining by false pretence.

According to the charge sheet, Messrs. Ogbonnaya and Adanne, sometime in 2014 in Port Harcourt conspired with Mr. Ugomma while he was a staff of Ecobank Nigeria Limited to steal the money.

Their actions are punishable under Section 516 of the Criminal Code Act Cap. C38, Laws of the Federation of Nigeria, 2007 and Section 1 (1) (d) of the Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Act Cap. B3 Revised Edition (Laws of the Federation of Nigeria) 2007, the EFCC said.

The defendants, who were arraigned on December 10, pleaded not guilty to all the charges preferred against them by the EFCC.

The judge therefore admitted the first and third defendants to bail in the sum of N5million and two sureties each, the sureties who must be civil servants on GL 16.

The court says the sureties must also present their employment and last promotion letters as well as their salary slip for the past three months.

“They are also to deposit two passport photographs and write an undertaking that the defendants will be present during trial,” the court ruled.

The second defendant however secured bail in the sum of N5million and one surety.

“The surety must be a blood relation who is a civil servant on GL 16. The defendant and her surety must deposit two passport photographs each.

“Also, the defendant must undertake in writing to be present during trial,” the court said.

The court then adjourned the matter till January 13, 2016 for trial and ordered that the defendants be remanded in prison custody pending the perfection of their bail terms.


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