Businessman arraigned for alleged issuance of N8.5 million dud cheque
A businessman, Michael Chibuzo, was on Wednesday arraigned by the Economic and Financial Crimes Commission for alleged issuance of N8.5m dud cheque.
EFCC charged Chibuzo, alongside his firm, Two Stars Enterprise Ltd., at a Kaduna High Court, with issuance of dud cheque and fraud.
The EFCC Counsel, Nasiru Salele, told the court that the defendant committed the offences on January 2.
According to Mr Salele, the defendant, who was the Managing Director of Two Star Enterprise Ltd, took a loan of N8.5m from the complainant, Rita David.
The prosecution said that for the repayment of the loan, the defendant issued David a post dated GT Bank cheque of N8.5m to be cashed after two months.
He added that the cheque was, however, dishonoured when it was presented at the bank and efforts made by the complainant to get her money back were abortive and unsuccessful.
Mr Salele said the offences contravened the Advanced Fee Fraud and Other Related Offences Act 2006.
The defendant pleaded not guilty to the charges.
The defence counsellor, Gabriel Ede, applied for bail on behalf of his client, stating that the defendant would provide the bail conditions as required and not jump bail.
The prosecution, however, did not oppose the bail application.
The Judge, Justice M. Tukur, granted the defendant bail in the sum of N2 million with two sureties in like sum.
According to the judge, one of the sureties must be a blood relation of the defendant and the second must have a landed property in Kaduna with a genuine land document.
Mr Tukur added that the sureties must reside within the court’s jurisdiction and adjourned the case until April 30 for hearing.
(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
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.”
Education
We are open to public scrutiny, NELFUND tells Nigerians
The managing director said that NELFUND, under his watch, would not deviate from its sole mandate of giving as many loans as possible to Nigerians in need of them.
Showbiz
Veteran Nollywood actor Ogunjimi is dead
Legendary Yoruba Nollywood actor Ganiyu Oyeyemi, also known as Ogunjimi, has died.
NationWide
FG moves to finalise national intellectual property policy
The NCC boss said the policy would be a blueprint for a more efficient, modern, responsive legal and administrative framework to leverage creative and innovative potential.
States
Three killed, two injured in Kano building collapse: NEMA
Nuradeen Abdullahi, NEMA Kano territorial coordinator, confirmed the incident and casualty figures to journalists on Friday in Kano.
Health
Enugu health commissioner pushes for Nigerian-made malaria vaccines
He said this was the time to call on Nigeria to look into the possibilities of manufacturing malaria vaccines in our environment.
States
Husband of missing police officer seeks IGP’s intervention
The husband said Mrs Ruth and four of her colleagues went missing on February 13 after an ambush during their official assignment to Abia.