EFCC Arraigns Siblings For N50m Fraud
A staff of MTN Nigeria, Funsho Finnih and his sister, Oluwatosin
Olowodola, were on Thursday arraigned before a Special Offences Court
sitting in Ikeja, Lagos, by the Economic and Financial Crimes Commission
(EFCC) for allegedly defrauding one Semaan Abboud of N50million.
Funsho, a senior staff of MTN and his sister, were arraigned on a two- count charge of fraud and conspiracy before Justice Olusola Williams.
Funsho, a senior staff of MTN and his sister, were arraigned on a two- count charge of fraud and conspiracy before Justice Olusola Williams.
The EFCC alleged that the duo committed the offence on May 2, 2009 in Lagos.
According to EFCC, the siblings fraudulently defrauded Abboud of N50 million.
“The duo under false representation sold a property located at 40, Oduduwa Crescent, GRA, Ikeja, Lagos. They claimed to have the right to sell the said property, a claim which they knew to be false,” the EFCC said.
They both denied the charges.
Following the defendants’ not guilty plea, the prosecuting counsel, Mr. M.S Owede, asked that the defendants be remanded in prison pending commencement of trial.
Counsel to the defendants, Mr. Vincent Orizu, who prayed the court to allow him file an oral application for bail on behalf of his clients, said if the first defendant is refused bail, he may lose his job with MTN.
“I pray that my Lord will consider the defendants for bail. They will not jump bail. They were only served yesterday and they are in court today.
“The first defendant works with a telecommunications company, MTN and he may be sacked if he didn’t show up at work
“This case has earlier been filed before Hon. Justice Olayinka and they were granted bail then.
“The property in question belongs to their father and they were wrongly advised to sell the property.
“When the mistake was realized, they proposed to refund the money but the claimant insisted on taking the matter to court,” he said.
Justice Williams granted the defendants bail in the sum of N500,000 .
She also ruled that one of the sureties must be a land owner in Lagos and a blood relation who is gainfully employed.
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