EFCC arraigns businessman for issuing N60m dud cheque

EFCC Operatives used to illustrate the story.

The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned the managing director of Naxpro Energy & Shipping Company Limited, Valentine Orji, for issuing a dud cheque.

He was arraigned before Justice A. A. Onojovwo of the Delta State High Court sitting in Warri, on a six-count charge bordering on issuance of N60million dud cheque.

The petitioner, ARC Marine & Civil Construction Company Limited alleged that sometime in September 2013, Mr. Orji approached her in the company of a man identified as Mr. Bimbo requesting to buy a vessel.

After the negotiation, the parties agreed on the sum of N140million.

The two parties agreed that the vessel would be handed over to Mr. Orji’s company after the sum of N80million is deposited for the vessel and issuance of post-dated cheque covering the balance sum of N60million.

Upon the payment of the initial amount, the vessel was handed over to his company, and it was agreed if by April 1, 2014 he fails to pay the balance the vessel, should be returned.

However, on presentation of Mr. Orji’s cheque in bank, it was dishonoured on the grounds of insufficient funds.

Efforts made to recover the vessel or money proved abortive.

Mr. Orji pleaded not guilty to the charge.

In view of his plea, the prosecuting counsel, M. T. Iko, urged the court to fix a date to commence trial.

However, the defence counsel prayed the court to grant the accused person bail.

Justice Onojovwo, granted the accused person bail in the sum of N5million and two sureties in like sum.

The court said the sureties must be resident of Warri or Effurun jurisdiction with a landed property to be verified by the bailiff of the court.

The judge ordered the accused person to be remanded in prison custody pending the perfection of his bail.

The matter was adjourned to March 22 for commencement of trial.


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  • aisha ani

    Why is EFCC arresting this man after all, he only issued a dud check for a measly 60 million.

    • SB

      why won’t EFCC arrest the man? They went on an agreement and this man has neither received his good nor his money. In business, if you can not meet up to the agreement, then cancel the deal and return the innocent man’s money. Change has come and the era of impunity has passed. God bless Nigeria, God bless PMB

  • maigogo

    EFCC does not know the purpose for which it was created. This should be a civil suit. EFCC was created to handle cases of fraud and corruption against public money.

    • Okikiola Beckley

      Issuing a dud cheque is criminal.

    • SB

      Issuing a dude cheque is a financial crime. Thank God there is EFCC who can stand for the oppreesed

  • This is another purposeless side-attraction in addition to the backlog of unsolved fraud cases being handled by the EFCC. Since inception in 2002, the EFCC have intervened in hundreds of high profile cases, the list of which can stretch from Dodan Barack in Lagos to Aso Rock in Abuja. On the other hand, the list of prosecution that have been full completed or won has continued to dwindle by the months. I am not a lawyer but if my limited knowledge of the Act that established the EFCC is anything to go by, this matter of issuance of a dud cheque is purely a civil suit. The EFCC, I would think was created to handle cases of fraud and corruption against public officials who have flagrantly abused their position of trust. I am sure that the anti-graft agency has more than enough cases pending already to be distracted by private business deal that has gone wrong. The simple straight forward matter of Dasukigate has been dragging on now for nearly four months without any end in sight. In fact the Honourable judge handling the case has hinted that it could take about three years to conclude. That is justice delayed and in effect denied. There is no day that passes now without Nigerians being told of a new invite by the EFCC of yet another alleged crook with sticky fingers in our collective wealth. Without telling us of successful prosecutions or acquittals, it will soon start turning into a charade, a farcical waste of time and an additional conduit for our now derided lawyers and judges to make extra dosh at our expense. Nigerians now expect the EFCC not to cut more than they can chew at a time! It is not how many cases they are chasing at one time but how many successful convictions within the same time frame.