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Alleged N313m Fraud: Court Adjourns Ruling on Bail
  • Posted: 17/Oct/2017
  • Justice Hadiza Shagari of the Federal High Court in Lagos will on October 24 rule on a bail application filed by four persons accused of N313 million fraud.

    Akala Anthony (49), Umar Ali (61), Saidi Oke (43) and Bashir Mohammed (44), through their lawyer, Akeem Balogun, filed the application on September 26, claiming to have been incarcerated for four months.

    They were charged along with Dr Chukwuemeka Anyanwu (50), Agboola Gbade (67), Nkechi Nwafor (43) and Larry Balogun (51), who were said to be at large.

    The judge had earlier issued a bench warrant for those at large and directed that they be separated from the charge so that those available could be arraigned.
    Two companies, Granytland Investment Limited and Abroad Development Foundation were also named in the charge.

    Balogun prayed that the court grant his clients bail on liberal terms, adding that they would not jump bail.

    Prosecuting counsel M. A AnimasHaun argued that the accused do not deserve to be granted bail due to the seriousness of the offence.

    The first to fourth respondents, in an amended charge, were accused of conspiring to defraud one Austin Albert of N313,200 million while pretending to assist him buy $1million.

    They allegedly committed the offence on June 15 in Lekki, Lagos.

    The alleged offence contravenes Section 8 (b) of the Advance Fee fraud and other Related Offenses Act 2006 and punishable under Section 1(3).

    By: Joseph Jibueze 
    The Nation News