EFCC arraigns Keystone Bank, five others in court over fraud
WorldStage Newsonline-- For allegedly defrauding a Lagos based business, Daniel Chukwudozie of the sum of N850 million the Economic and Financial Crimes Commission (EFCC) on Wednesday arranged Keystone Bank limited (former Bank PHB) and five others before a Lagos High Court, Ikeja.
Others docked before the court presided over by Justice Habeeb Abiru on a two counts charge of conspiracy and obtaining money under false pretence are three senior management staffs of the bank, Anayo Nwosu, Olajide Oshodi, Sunny Obazee, a Nigeria based Indian businessman, Ashrok Isran and his company, Nulec Industries.
According to one of the counts: "Anayo Nwosu, Ashok Isran, Olajide Oshodi, Sunny Obazee, Nulec Industries Ltd and Bank PHB now known as Keystone Bank Plc between June 2008 and July 2008 at Lagos within the Ikeja Judicial Division with intent to defraud, obtained the sum of N855,000,000 from Sir Daniel Chukwudozie of Dozzy Oil under the false pretence that the said sum represented payment for preference shares of Nulec Industries in an upcoming intial public offer which pretence you knew to be false."
All the defendants pleaded not guilty to the alleged offences.
Justice Abiru granted the accused persons bail and ordered that they should be remanded in EFCC custody after the commission's counsel elected not to oppose there bail application.
According to the Judge the Chairman and the Managing Director of Keystone Bank/ Bank PHB must write a letter of undertaking to guarantee that Nwosu, Oshodi and Obazee will always be in court for their trial.
He also held that the bank should undertake to pay the sum of N100 million each in case any of it indicted staffs escape from justice; the Judge further barred them from travelling abroad during the pending of the case.
Justice Abiru, however, granted bail to Ashok in the sum of N50 million with two sureties in like sum, according to him one of the sureties must have a landed property in Lagos and they must also show evidence of tax payment.
The judge said the travel documents of the Ashok, who also hold a Swiss nationality, should be deposited with the EFCC.
The matter has been adjourned till October 22 and 23 for trial.