Fraud: EFCC Ex-Skye Bank Chair, Tunde Ayeni

The Economic and Financial Crimes Commission, EFCC, on March 6, 2019, arraigned Tunde Ayeni, a former Chairman, Board of Directors, Skye Bank Plc, before Justice Valentine Ashi of a Federal Capital Territory, FCT High Court, Apo on a four-count charge, bordering on criminal breach of trust to the tune of N4,597,500,000.

Ayeni was arraigned along with Timothy Ajani Oguntayo, for allegedly conspiring at different times to fraudulently divert depositors’ funds domiciled at Skye Bank Plc to personal use.

One of the counts reads: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc and Timothy Ajani Oguntayo, while being the Managing Director, MD of the defunct Skye Bank Plc on or about October 16, 2014 at Abuja within the jurisdiction of this Honourable Court, whilst being bankers entrusted with property, to wit: depositors’ funds in the defunct Skye Bank Plc’s Suspense Account, committed criminal breach of trust in respect of the sum of N1,000,000,000 (One Billion Naira) and thereby committed an offence contrary to and punishable under Section 315 of the Penal Code.”

They pleaded “not guilty” to the charges.

Counsel for the first defendant, Dele Adesina, SAN, who held brief for the lead counsel, Wole Olanipekun, SAN, informed the court of their pending bail application, which was served on the prosecution on December 13, 2018.

Counsel for the second defendant, Oyetola Oshobi, SAN, also made similar application.

The trial judge, thereafter, admitted them to bail in the sum of N500 million (Five Hundred Million Naira) with two sureties each in like sum, who must be resident in Abuja, and must own a landed property “of sufficient value”, within Abuja metropolis.

The matter was thereafter adjourned to May 14, 2019, for “commencement of trial”.

Tony Orilade
Ag. Head, Media & Publicity

Fraud: EFCC Arraigns CEO of Farm Computer Ltd, Umar Ibrahim

The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office has arraigned the Managing Director of Farm Computers Limited, Umar Ibrahim, before Justice Darius Khobo of State High Court sitting in Kaduna on a one-count charge bordering on criminal breach of trust to the tune of N8 million.

The count reads: “That you, Umar Ibrahim Ahmed, a Director in Farm Computers Limited, a limited liability company sometimes in 2017 in Kaduna within the Kaduna Judicial Division of the High Court, entrusted with the sum of N8,000,000 (Eight Million Naira) only by Jatau Nigeria Limited as part payment for the supply of 1,000 units of School furniture, did dishonestly convert to your own use in violation of the contract, which you made to the said sum and thereby committed an offence contrary to Section 311 of the Penal Code Law and punishable under Section 312 of the same Law.”

It was further alleged that one year after, Umar still did not deliver on the contract, and all efforts to get the money back, proved abortive.

He pleaded “not guilty” to the charge.

Prosecuting counsel, M. Lawal, thereafter, urged the court to fix a date for commencement of trial, and that the defendant should be remanded in prison.

Counsel for the defendant, Y.M. Liman, however, moved the bail application for his client.

In his ruling, Justice Khobo granted bail to the defendant in the sum of N2 million and a surety in like sum, who must be a resident within Kaduna metropolis, and must be a public servant not below Grade Level 13.

The case has been adjourned to April 11, 2019 for “hearing”.

Tony Orilade
Ag. Head, Media & Publicity
March 6, 2019

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Umar Ibrahim of Farm Computers Limited at EFCC
Umar Ibrahim of Farm Computers Limited at EFCC

EFCC Arraigns Businessman for N8m Fraud

The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office has arraigned the Managing Director of Farm Computers Limited, Umar Ibrahim, before Justice Darius Khobo of State High Court sitting in Kaduna on a one-count charge bordering on criminal breach of trust to the tune of N8 million.

The count reads: “That you, Umar Ibrahim Ahmed, a Director in Farm Computers Limited, a limited liability company sometimes in 2017 in Kaduna within the Kaduna Judicial Division of the High Court, entrusted with the sum of N8,000,000 (Eight Million Naira) only by Jatau Nigeria Limited as part payment for the supply of 1,000 units of School furniture, did dishonestly convert to your own use in violation of the contract, which you made to the said sum and thereby committed an offence contrary to Section 311 of the Penal Code Law and punishable under Section 312 of the same Law.”

It was further alleged that one year after, Umar still did not deliver on the contract, and all efforts to get the money back, proved abortive.

He pleaded “not guilty” to the charge.

Prosecuting counsel, M. Lawal, thereafter, urged the court to fix a date for commencement of trial, and that the defendant should be remanded in prison.

Counsel for the defendant, Y.M. Liman, however, moved the bail application for his client.

In his ruling, Justice Khobo granted bail to the defendant in the sum of N2 million and a surety in like sum, who must be a resident within Kaduna metropolis, and must be a public servant not below Grade Level 13.

The case has been adjourned to April 11, 2019 for “hearing”.

Tony Orilade
Ag. Head, Media & Publicity
March 6, 2019

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