Tuesday, October 27, 2026

EFCC nabs Kaduna businessman over multimillion-naira dud cheques

Mr Timothy, who is being prosecuted by the Economic and Financial Crime Commission, pleaded not guilty to the charge.

• April 20, 2026
Dud cheque
Dud cheque(Credit: people’s gazette)

Justice Darius Khobo of the Kaduna State High Court, on Monday, ordered a businessman, Vincent Timothy, to be remanded in prison custody for issuing dud cheques totalling N20 million.

Mr Timothy, who is being prosecuted by the Economic and Financial Crime Commission, pleaded not guilty to the charge.

“The defendant shall be remanded in the correctional centre pending ruling on his bail application,” the judge said.

Mr Khobo thereafter adjourned the case until May 12 for a ruling on the bail application.

Earlier, EFCC’s counsel, E. K. Garba, had told the court that the defendant committed the offence sometime in January.

Mr Garba said the defendant took a N20 million loan from Aires Financial Services Limited, which was to be returned at a later date.

The lawyer disclosed that the defendant later issued five dud cheques, each for N4 million, which were all dishonoured due to insufficient funds in his account.

The defence’s lawyer, A. M. Sunday, however, asked the court to grant bail to the defendant.

He said that the defendant had voluntarily reported to the EFCC office on April 3, after being invited by the anti-graft agency.

(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

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

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

Katsina State

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.”

Moniepoint CEO

Education

Moniepoint restructures engineering, product functions

Moniepoint, a financial technology company, says its restructuring of engineering and product functions will make some existing roles redundant while creating new positions.

Harry Kane

Sport

Harry Kane wins 2026 Ballon d’Or after successful season with club, country

Kane netted 61 goals at club level in the 2025/26 season as Bayern Munich clinched the Bundesliga.

States

Troops kill 16 suspected ISWAP members in Borno

The statement said the operation was conducted using air and ground weapon systems.

Tompolo and Tinubu

States

Adamawa: Tompolo mobilises support for Tinubu’s 2027 re-election

He described Mr Tinubu as a courageous leader who prioritised the interests of Nigeria.

U.S. President Donald

Heading 1

Trump offers $1 million reward to anyone reporting voter fraud

On Monday, 48 foreign nationals were charged with illegal voting and other election-related crimes.

OAU

Education

OAU resumes new academic session November 1

The school noted that registration for newly admitted students would begin on November 2.