• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

  • National
    • Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

      CG Customs Bashir Adewale Adeniyi

      NIPR Hails customs Boss’ Tenure Extension as Evidence of Transformational Leadership

      Comptroller General Customs Bashir Adewale and his staffs with the representatives of the European Union, the German Embassy

      Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

      University of Maiduguri

      UNIMAID Mass Comm becomes Faculty of Communication and Media Studies

    • Government
      • Northern leaders at Arewa Summit

        Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa…

        Saidu Ahmed Alkali,

        Kaduna-Kano Light Rail Underway as FG Targets ₦70bn Investment

        Beyond Hoes and Sticks: The Power of Education for Peace in…

        National Blood Service Agency

        FG Pledges Stronger Support for Blood Services, Seeks Scalable Interventions from…

        Tinubu’s Government Unveils Multi-Sectoral Initiatives to Boost Northern Region’s Development

  • Security
    • Nigerian Navy

      Navy to Establish  Base in Kebbi to Tackle Inland Waterway Crimes

      Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

      Akwa Ibom Boosts National Security with Land Donation for Nigerian Air…

      Military Troops in Action

      Army Troops, DSS Nab Arms Trafficker in Taraba, Recover Ammunition, Cash

      Inspector-General of Police Kayode Adeolu Egbetokun

      IG Reaffirms Commitment to Tackling Oil Theft, Upholding Human Rights

  • Features
    • Okello Oculi

      Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

      Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

      Tinubu’s Plateau Gambit – Yilwatda, 2027, and the Return of the…

      Ozumi and a recipient of a wheelchair

      Wheels of Hope: How a Simple Gift is Reshaping Lives at…

      Late Ex-President Muhammadu Buhari and Mansur Liman

      “Buhari: A Blunt, Honest Leader Who Laughed at His Own Predicament”

  • State
    • Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

      Akwa Ibom Boosts National Security with Land Donation for Nigerian Air…

      Nigerian Army

      Army Denies Allegations of Misconduct in Imo Community

      Military Troops in Action

      Troops Repel Bandit Attacks in Katsina, Plateau, Recover Rustled Cattle, Sustain…

      Nigerian Navy Personnel

      Navy Destroys 10 Illegal Refineries in Niger Delta

  • Event
    • Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

      Comptroller General Customs Bashir Adewale and his staffs with the representatives of the European Union, the German Embassy

      Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

      University of Maiduguri

      UNIMAID Mass Comm becomes Faculty of Communication and Media Studies

      CG Customs Bashir Adewale Adeniyi

      Tinubu’s Extension of Customs CG Bashir Adeniyi’s Tenure Draws Widespread Praise…

      Northern leaders at Arewa Summit

      Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa…

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption EFCC Arraigns Arabambi, Arowojobe for N79m Fraud
  • Anti-Corruption

EFCC Arraigns Arabambi, Arowojobe for N79m Fraud

By
Tony Orilade
-
January 15, 2019
EFCC
EFCC Operatives

EFCC Arraigns Arabambi, Arowojobe for N79m Fraud

The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, on January 15, 2019 arraigned one Isaac Arabambi along with his company, Heroes Investment Company Limited before Justice Joyce Abdulmalik of the Federal High Court, Ibadan, Oyo State, on an 11-count charge bordering on unauthorized operation of a financial institution and obtaining the sum of N62,326,250.60 (Sixty Two Million, Three Hundred and Twenty Six Thousand, Two Hundred and Fifty Naira, Sixty Kobo) only by false pretence.

One of the counts reads: “That you Isaac Arabambi between on or about October 13, 2008 at Ibadan within the Ibadan Jurisdiction of this Honourable Court, without a valid licence from Central Bank of Nigeria and other relevant authorities, operates a Financial Institution to wit: Horoes Investments Company Limited and thereby committed an offence contrary to section 58 (1) of Banks and Other Financial Institutions Act, Cap B3, Laws of the Federation of Nigeria, 2004 and punishable under section 59(6) of the same Act”.

Another count reads: “That you Isaac Arabambi and Heroes Investment Limited between November 11, 2014 and December 31, 2014 at Ibadan within the Ibadan jurisdiction of this Honourable Court with intent to defraud, obtained the sum of N9,035,000 (Nine Million and Thirty-Five Thousand Naira) only through Bank of America from one Faloye Elizabeth Bunmi by falsely representing that the money would be invested in her Borrowed Fund Account domiciled with you, which representation you knew to be false and thereby committed an offence contrary to Section 1(1)(a)and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006”.

The defendant, however, pleaded “not guilty” to the 11-count charge.

Prosecuting counsel, Mabas Mabur, thereafter applied for a trial date and prayed the Court to remand the defendant in prison custody.

Defence counsel, Kazeem Olaniyan however, moved an oral application for the bail of his client, arguing that “the defendant is brought on charges that are bailable”.

Read Also:

  • Navy to Establish  Base in Kebbi to Tackle Inland Waterway Crimes
  • Army Commander’s Compassion Keeps 100 Students in School in Zamfara
  • Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

After listening to the arguments, Justice Abdulmalik, ordered Olaniyan to file a formal application for bail on the grounds that “this is a court of record and there is no application before the court”.

The trial judge, thereafter, adjourned the matter to February 7, 2019 for “hearing” of bail application, and ordered the defendant be remanded in Agodi Prison.

In another development, the Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on January 15, 2018 arraigned one Blessing Aishatu Arowojobe before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a one-count charge bordering on obtaining money by false pretence to the tune of N7,065,000 (Seven Million and Sixty Five Thousand Naira) only.

The petitioner alleged that Arowojobe, approached him with a business proposal sometime in January 2018.

He further alleged that he later transferred a sum of N7, 065,000 to the defendant in February 2018 for the procurement of ‘garri’ and cassava from Edo State.

The defendant, however, allegedly diverted the money to her personal use.

The count reads: “That you, Blessing Aishatu Arowojobe, between February 3 and February 22, 2018 at Lagos, within the Ikeja judicial Division, by false pretence and with intent to defraud, obtained the sum of N7, 065,000 (Seven Million, and Sixty-Five Thousand Naira) from one Tim Onyeator by falsely representing to him that it was the cost of ‘garri’ business and purchase of plots of land for cassava plants, which pretence you knew to be false.”

The defendant pleaded “not guilty” to the charge when it was read to her.

In view of her plea, the prosecuting counsel, Franklin Ofoma, asked the court for a trial date and also prayed that the defendant be remanded in prison custody.

Counsel for the defendant, G.A. Elebhose, prayed the court for a short date to allow him file and serve a bail application on behalf of his client.

Consequently, Justice Dada adjourned the matter to January 23 and February 11, 2019 for “hearing of the bail application and commencement of trial.

Tony Orilade
Ag. Head, Media & Publicity

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • efcc
  • Isaac Arabambi
  • N79m Fraud
Previous articleAgain Ex-Accountant General, Otunla Absent in Court
Next articleBuratai Pays Tribute to Fallen Heroes
Tony Orilade
Tony Orilade
http://www.PRNigeria.com

RELATED ARTICLESMORE FROM AUTHOR

ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

Engr Abba Babagana Dalori

Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences Kano Make-Up Artist for Naira Abuse

PRNigeria logo fearured image

EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

EFCC, CCC and the Battle Against Corruption in Nigeria, By Mukhtar Ya’u Madobi

Ola Olukoyede, EFCC Chairman

EFCC’s Anti-Corruption War: Between Media Trial and Intelligence-Driven Operations

Olayiwola Oguntade

Court Sentences Ex JAMB Staff for N10m Fraud in Ibadan

Diezani-Alison-Madueke

Nigeria, US sign MoU to repatriate $53m linked to former oil minister, Diezani

EFCC Sacks 27 Fraudulent Officers for Misconduct

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Navy to Establish  Base in Kebbi to Tackle Inland Waterway Crimes
  • Army Commander’s Compassion Keeps 100 Students in School in Zamfara
  • Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program
  • NIPR Hails customs Boss’ Tenure Extension as Evidence of Transformational Leadership
  • Akwa Ibom Boosts National Security with Land Donation for Nigerian Air Force Base
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Navy to Establish  Base in Kebbi to Tackle Inland Waterway CrimesArmy Commander's Compassion Keeps 100 Students in School in ZamfaraSam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ's Education ProgramNIPR Hails customs Boss' Tenure Extension as Evidence of Transformational LeadershipAkwa Ibom Boosts National Security with Land Donation for Nigerian Air Force BaseCustoms Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ PartnershipUNIMAID Mass Comm becomes Faculty of Communication and Media StudiesTinubu’s Extension of Customs CG Bashir Adeniyi’s Tenure Draws Widespread Praise and ReactionsArmy Troops, DSS Nab Arms Trafficker in Taraba, Recover Ammunition, CashIG Reaffirms Commitment to Tackling Oil Theft, Upholding Human RightsNorthern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa Summit in KadunaArmy Denies Allegations of Misconduct in Imo CommunityTroops Repel Bandit Attacks in Katsina, Plateau, Recover Rustled Cattle, Sustain CasualtiesNavy Destroys 10 Illegal Refineries in Niger DeltaJUST IN: Tinubu Extends Tenure of Customs CG Bashir Adeniyi
X whatsapp