Alleged N201 Million Fraud: Absence of EFCC witnesses stalls trial of company CEOs

The absence of the Economic and Financial Crimes Commission witnesses on Tuesday stalled the trial of the Managing Director of Beligetto Holding Company Limited, Ayodele Raymond and four others in an FCT High Court, Zuba.
The EFCC charged Raymond alongside the group chairman of the company, Harry Samuel, Gowon Egbunu, Alhaji Nuhu Amanabo with two counts of obtaining by false pretence and fraud.
At the resumed hearing the EFCC Counsel, Khalid Sanusi, told the court that the matter was for continuation of trial, but his witnesses were not in court.
He said, “I sincerely apologise. I have not been able to reach the witnesses and I pray for an adjournment.’’
Justice Kezziah Ogbonnaya adjourned the matter until March 17 for hearing.
The EFCC alleged that the defendants conspired and obtained five units of SUV Toyota vehicles from one Adenira Jeremiah worth N201 million in 2020.
The agency further alleged that the defendants collected the same under false pretence to defraud and presented Beligetto Company as having secured a contract with the Nigeria Correctional Service for supply of the said vehicles.
The offence, the anti graft agency said, contravened the provisions of sections 8(a), 1 (1)(a) and punishable under 1(3) of the Advanced Fee Fraud and Other Fraud related Offences Act.2006.
The defendants however, pleaded not guilty.
They were admitted to bail in self-recognition with strict orders to be in court on days of trial.
The court also set a N50 million bond for Beligetto Holding Company Limited.
The judge ordered accelerated hearing of the matter.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Borno governor distributes vehicles, 280 housing units to security agencies
Mr Zulum said the initiative was part of his administration’s commitment to strengthening the state’s security architecture.

NationWide
I understand your economic hardship concerns but I’m rebuilding Nigeria, Tinubu tells Catholic bishops
The president commended the Catholic body’s commitment to education and healthcare.

States
Gov. Abiodun rewards UNILAG’s top graduates with N10 million each
He emphasised that such recognition would inspire others to unlock their full potential.

Port Harcourt
Rivers assembly passes three bills, adjourns plenary indefinitely
The governor had earlier written to the House on Thursday, requesting to present the state budget on March 19.

NationWide
Some debtors misused loans, now refuse to repay: AMCON
He emphasised that AMCON was owed over four trillion naira.

States
Nasarawa govt. urges communities to protect water facilities against vandalism
Mr Muluku said Gov. Abdullahi Sule was willing and ready to tackle water challenges in the state.