• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
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
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Anti-Corruption EFCC Arraigns Man For $1.6m Dud Cheque
  • Anti-Corruption

EFCC Arraigns Man For $1.6m Dud Cheque

By
Tony Orilade
-
January 21, 2019
EFCC
EFCC Operatives

EFCC Arraigns Man For $1.6m Dud Cheque

The Economic and Financial Crimes Commission, EFCC, on January 21, 2019, arraigned one Ayodeji Ibrahim Oluokun along with his company, Peak Petroleum Industry Nigeria Limited, before Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja on a two-count charge bordering on issuance of dud cheques to the tune of $1.6 million.

The offence is contrary to Section 1(1) (b) of the Dishonoured Cheques (Offences) Act, Cap D 11 Laws of the Federation of Nigeria, 2004.

The defendant was alleged to have approached the Managing Director and Chief Executive Officer of GOSL Nigeria Limited, Emmanuel Ekpeyong, for a loan of $1 million and $666,666 respectively to enable him carry out operation activities in his company’s oil field in Bayelsa State.

He was said to have assured the complainant that he would repay the money within a year.

The defendant allegedly issued two post-dated Standard Chartered Bank Nigeria Limited cheques dated June 26, 2014 for the sum of $1 million and $666,666 respectively.

However, when the cheques were presented for payment, they were returned due to insufficient funds.

One of the charges read: “That you, Ayodeji Ibrahim Oluokun and Peak Petroleum Industry Nigeria Limited, on or about 26th June, 2014, at Lagos within the Ikeja Judicial Division issued a Standard Chartered Bank Nigeria Limited Cheque dated 26th June, 2014 for the sum of $1,000,000 (One Million Dollars) only payable to GOSL Nigeria Limited, which when presented for payment was dishonoured on the grounds that no sufficient funds were standing to the credit of the account on which cheque was drawn.”

Read Also:

  • ANALYSIS: What Is the Job of a Presidential Spokesman?
  • NSCDC Rescues Abducted Victims, Arrests 70 Suspects for Various Crimes in Edo
  • FG Begins Data-Driven Reform of Civil Service Through PASGA Project

The second count reads: “That you, Ayodeji Ibrahim Oluokun and Peak Petroleum Industry Nigeria Limited, on or about 26th June, 2014, at Lagos within the Ikeja Judicial Division issued a Standard Chartered Bank Nigeria Limited Cheque dated 26th June, 2014 for the sum $666,666 (Six Hundred and Sixty-Six Thousand, Six Hundred and Sixty-Six Dollars only) payable to GOSL Nigeria Limited which when presented for payment was dishonoured on the grounds that no sufficient funds were standing to the credit of the account on which cheque was drawn.”

When the charges were read to the defendant, he pleaded “not guilty”.

In view of the defendant’s plea, the prosecuting counsel, Ocholi Atta, asked the court for a trial date and also prayed the court to remand the defendant in prison custody pending the determination of the case before the court.

However, counsel for the defendant, E.O. Yoroh, informed the court that he filed an application for bail on behalf of his client “this morning” because he was briefed about the matter “yesterday”.

He, therefore, prayed the court to hear the application and admit his client to bail.

Ocholi, however, objected to the prayer of the defence on the grounds that he had yet to be served with the application.

He urged the court to give the prosecution some time to go through the application when served and also prayed the court to remand the defendant in prison custody.

After listening to both parties, Justice Taiwo adjourned the matter to January 28, 2019 for “determination of the defendant’s bail application” and ordered the defendant to be remanded in the EFCC custody.

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
  • $1.6mn
  • efcc
  • Peak Petroleum Industry Nigeria Limited
Previous articleAgain, Nigerian Troops Trash Boko Haram Terrorists at Military Base
Next articleInsecurity: No Nigerian Feels Safe in the Country- Civil Society
Tony Orilade
Tony Orilade
http://www.PRNigeria.com

RELATED ARTICLESMORE FROM AUTHOR

ICPC, EFCC, CCB Partner on Commonwealth Anti-Corruption Research Initiative

ICPC), Dr Musa Adamu Aliyu, SAN

ICPC Chairman Advocates Speed, Consistency in Handling Corruption Cases

Court Admits Samuel Aruwan’s Statement in ICPC’s Money Laundering Case Against Ex-El-Rufai Aide

NAHCON

Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu Administration

Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

FG Reaffirms Non-Interference in ICPC, EFCC Operations

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

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • NSCDC Foils Kidnap Attempt on Customs Officer, Eliminates 2 Suspects, Arrests Others
  • ANALYSIS: What Is the Job of a Presidential Spokesman?
  • NSCDC Rescues Abducted Victims, Arrests 70 Suspects for Various Crimes in Edo
  • FG Begins Data-Driven Reform of Civil Service Through PASGA Project
  • Troops Eliminate Armed Criminal in Benue, Nab Gunman at Nasarawa Market
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NSCDC Foils Kidnap Attempt on Customs Officer, Eliminates 2 Suspects, Arrests OthersANALYSIS: What Is the Job of a Presidential Spokesman?NSCDC Rescues Abducted Victims, Arrests 70 Suspects for Various Crimes in EdoFG Begins Data-Driven Reform of Civil Service Through PASGA ProjectTroops Eliminate Armed Criminal in Benue, Nab Gunman at Nasarawa MarketArmy Begins Disciplinary Action Against Soldier Over Ondo Driver’s DeathSenator Dickson Breaks Silence: Rejects Defection to APC, Backs Amupitan for INEC ChairECOWAS Anti-Corruption Network Re-Elects EFCC Chair Olukoyede, Adopts New GuidelinesNANS Issues 7-Day Ultimatum to FG, ASUU to End Dispute or Face ActionAgain, Army Eliminates Bandits, Rescues 9 Abducted Victims in KwaraNAF Decorates 64 Senior Officers Promoted to Group CaptainAbuja's Real Estate: The Math Is Not Mathing By Hawwah A GamboBoko Haram: FG Commends Borno People for Overcoming Decade-Long ChallengesMarwa Urges Global Unity to Dismantle Criminal Drug Networks at UN SessionDSS Nabs Two Dismissed Officers for Impersonation, Defrauding Nigerians
X whatsapp