The Special Fraud Unit, SFU, of the Nigeria Police has arraigned a couple, George and Oluchi Nwachukwu before a Federal High Court in Lagos, for allegedly defrauding Standard Chartered Bank Nigeria Limited, of the sum of N203, 865,708.08 million.
Arraigned alongside with the couple in a charge marked FHC/L/172c/2022, was one Abidemi Thomas.
The couple and Abidemi were arraigned before Justice Peter Lifu, on a five count-charge of Conspiracy, obtaining by false pretence, unlawful conversion, and fraud.
The prosecutor, Mr. Justine Enang, told the court that the three defendants committed the offences between January and December, 2020, at the Aromire Branch, Ikeja, Lagos.
The prosecutor informed the court that the couple, conspired with some staff of the bank to fraudulenty obtaining the said sum from the Aromire Branch of Standard Chartered Bank Nigeria Limited.
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He explained that the defendants in coninviance with some officials of the Standard Chartered Bank Limited, fraudulenty defrauded the bank by falsely presented to the bank that staff of Systemtech Services Limited, needed loans from the bank and that the said staff authorized the couple to approach the Bank and negotiate for the loans on their behalf and that the Salaries and Grade Levels of all the staff qualified them for the loans.
The prosecutor, Mr. Enang, also told the court that both Oluchi Nwachukwu and Abidemi fraudulenty converted the sum of twenty million naira each, to their own use and benefit, knowing fully well that it was was the proceed of an Unlawful act and obtaines by false pretence.
He told the court the offences committed by the three defendants are contrary to Sections 8(a) and 1(1)(a)of the Advance Fee Fraud and other Fraud Related Offences Act. No. 14 of 2996 and punishable under Section 1(3) of the same Act. And Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 as Amended in 2012.
The three defendants denied the allegations and pleaded not guilty to the charges.
Upon their plea, the prosecutor asked the court for a trial date and urged the court to remand them in the facility of the Nigerian Correctional Services (NCoS) till the determination of the charges against them.
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But their lawyer, told the court that he was yet to file his clients’application for bail, though, he orally applied for their bail, which was vehemently opposed by the prosecutor.
Following the opposition raised by the prosecutor to the counsel’s application, Justice Lifu held that bail is the Constitutional right of every defendant.
The judge subsequently admitted to each of the defendants in the sum of ten million naira with two sureties in like sum.
The judge said one of the sureties must a landed property owner with Certificate of Occupancy (CofO) within the Court’s jurisdisction, and the other surety must be a Grade Level 12 officer in either Lagos State or Federal Government establishment.
Justice Lifu while adjourned the matter till May 26, for trial, ordered the remand of the defendants at the NCoS’ custody.
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