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Monday, October 10, 2011

EFCC BOSS



EFCC arraigns 4 over alleged theft of their employer’s N40m

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned four persons before an Ikeja High Court for allegedly stealing N40 million belonging to their employers.

The accused persons: Kayode Ajayi (30), Kilani Idowu (30), Subair Fatai (31) and Lucas Ajayi (30), were arraigned before Justice Olabisi Akinlade.

They are facing a three-count charge bothering on conspiracy, forgery and stealing, after they were accused by the EFCC of stealing N40 million from Itura Ventures Ltd. and Ajoke Stores Ltd., Gbagada, Lagos.

EFCC prosecutor, Emmanuel Jackson told the court that the four accused had between August 2008 and May 2010, fraudulently converted the N40 million to their own use.

Jackson alleged that they conspired with Kayode Ajayi, who was an Accounts Clerk to perpetrate the fraud by making false entries into the company’s books and altering accounts documents.

Their alleged offences, according to him, contravene Sections 383(1), 390 (6), 438 (b) and 516 of the Criminal Code, Cap.C17, Vol. 2, Laws of Lagos State of Nigeria, 2003 (as amended).

The four accused persons had pleaded not guilty to the charge and were remanded in the Kirikiri Maximum Security Prisons.

Justice Akinlade adjourned the matter to Nov. 14 for trial.

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