The Economic and Financial Crimes Commission (EFCC), Lagos Zonal office has arraigned one Omotola Fawehinmi before Justice Austin C. Obiozo of the Federal High Court sitting in Ikoyi, Lagos on a five -count charge bordering on forgery and failure to carry out due diligence to the tune of N700m (Seven Hundred Million Naira).
Fawehinmi, an employee of Zenith Bank Plc, was arrested, following a petition
received by the Commission from the complainant, Union Bank Plc.
One of the counts reads: “That you, Omotola Fawehinmi, sometime in
February, 2015 in Lagos ,within the jurisdiction of this Honourable Court aided
the forgery of a document title: “Transfer of funds via RTGS-1014152125” dated
19th of June 2015 to the prejudice of Zenith Bank Plc who, in the belief that
the said document was signed by Uka Chidi Udo, was induced to debit the account
of Mobilng Huil Service Ltd to the tune of N394,916,175.66 (Three Hundred and
Ninety -our Million, Nine Hundred and Sixteen Thousand, Sixty -six Kobo)
and you thereby committed an offence punishable under Section (C) of the
Miscellaneous Offences Act CAP M17 Laws of the Federation 2004.”
The defendant pleaded not guilty to the charge preferred against him.
In view of his plea, the prosecution counsel, Rotimi Oyedepo, asked the court for
a trial date and accelerated hearing of the matter, while also praying that the
defendant be remanded in prison custody.
Counsel to the defendant, Kadija Belgore Yusuf, informed the court of a bail
application for the defendant.
The defence counsel also prayed the court to admit the defendant to bail in the
most liberal terms.
Justice Obiozor granted the defendant bail in the sum of N250million with one
surety in like sum.
The surety must deposit the title of a landed property in Lagos State, produce
an affidavit of means, evidence of three years tax clearance, statement of
account of the surety and one passport photograph of the surety, which must be
verified by the court’s Deputy Registrar.
The Judge also ordered the defendant to be remanded in Ikoyi prison custody
pending the fulfillment of bail conditions.
FG, TUC Make Progress On Negotiations To Avoid Subsidy Strike
The Federal Government and the Trade Union Congress (TUC) have made progress after their latest meeting toward resolving dispute over
