N25bn FRAUD: IGBINEDION, OTHERS KNOW FATE JANUARY 30TH A Federal High Court sitting in Benin, Edo State, on Friday reserved ruling in the N25 billion money laundering and abuse of office charge brought against Michael Igbinedion and Charles Eboigbodin by the Economic and Financial Crimes Commission, EFCC, for January 30, 2015. Justice J. Liman fixed January 30 date for judgement after the adoption of written addresses by counsel, Rotimi Jacob, SAN, for the prosecution and Mike Ozekhome, SAN, Ricky Tafa, SAN, and Mr. Richard O. Ahonaruogo for the accused persons. The accused persons along with their companies: Gava Corporation Limited; Romrig Nigeria Limited; PML Securities Company Limited and PML Nigeria Limited, were arraigned by the anti-graft agency on a 81-count charge bothering on money laundering, misappropriation of funds, conspiracy and Abuse of office. While addressing the court, Jacobs hinged his submission on the testimonies of prosecution witnesses which, according to him, corroborated the charge, with emphasis on the several public funds deposited into private accounts, and how government funds were used to repay loans collected by former governor Lucky Igbinedion while he was in office. However all efforts by the bailiff to serve Lucky Igbinedion with the summon, met a brick wall as he was always turned back from the gate by security men who told him on all occasions that Igbinedion was out of town. thisdaylive/articles/n25bn-fraud-igbinedion-others-know-fate-january-30/194088/
Posted on: Sat, 15 Nov 2014 11:37:09 +0000
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