CRIMEFEATUREDNATIONAL

PHCN N6bn Insurance Benefit Fraud: EFCC Arraigns Cecilia Osipitan

Justice U. P. Kekemeke of the Federal Capital Territory High Court in Maitama, Abuja, has granted the Managing Director of PJO Ventures Limited, Cecilia Osipitan N500million bail with two sureties in like sum.

The judge gave the bail ruling shortly after her arraignment along with PJO and Insurance Resource and Consultancy Services Limited by the Economic and Financial Crimes Commission, EFCC.

EFCC had filed nine-count charges against the defendants which borders on criminal breach of trust, conspiracy and conversion of public funds to the tune of six billion naira.

According to EFCC, the money was meant for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of the defunct Power Holding Company of Nigeria (PHCN).

Read Also: N322m Laundering: Senator Nwaoboshi Trial Resumes December 10

Osipitan’s offence was said to have contravened Section 311 of the Panel Code Act Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004 and punishable under Section 312 of the same Act.

The defendants pleaded not guilty to all the nine counts charges levelled against them.

Ruling on the bail application, the judge noted that the sureties must be federal civil servant, a religious leader or a member of the National Assembly residing and own landed properties in Abuja.

The matter was subsequently adjourned till January 20, 2022 for commencement of trial.

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Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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