Serial fraudster arraigned by EFCC

A 35-year-old man, Segun Bright,  who allegedly swindled more than 40 people of N390 million was, Wednesday, charged before an Ikeja High Court by the Economic and Financial Crimes Commission (EFCC).

The EFCC prosecutor, Emmanuel Jackson, said Mr. Bright had, between January and December 2010, at Abule Egba, a Lagos suburb, collected the N390 million from his victims.

Mr. Jackson said the accused, using his company, Wexford Global Resources Ltd, committed the offences by floating an investment scheme.

He alleged that the accused collected various sums, ranging from N10, 000 to N615, 000 from different people with the promise to re-invest the funds for higher returns.

The prosecutor named some of those allegedly swindled as Toyin Peter,  Afolabi Oluwaseun,  Amos Ogunsawo, Olusoji Adegboyega and  Victoria Salako.

According to him, Mr. Bright’s offence contravenes sections 383 (1) and (9) of the criminal code laws of Lagos State.

The accused, however, pleaded not guilty to the charge.

Habeeb Abiru, the presiding judge, ordered the accused to be remanded in prison pending the hearing and determination of his bail application.

Mr. Jackson, while opposing the bail application, described  Mr. Bright as a serial  perpetrator of fraud, who had similar cases with the EFCC in other courts.

He said the accused would soon be arraigned in other states for similar offences.


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The case was adjourned to Thursday for ruling on the bail application.




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