EFCC arraigns director over theft of N251 million belonging to company
The Economic and Financial Crimes Commission (EFCC) have arraigned a man in court over theft of N251 million which belongs to a company. This man also happens to be the director of this company he stole from. This man has been identified as Emmanuel Obakin Ajibola.
It was the Ibadan Zonal Command of the EFCCwho arraigned this man yesterday, Tuesday September 12, 2023 before the Oyo State High Court sitting in Ibadan. He was arraigned before Justice Ladiran Akintola of the Oyo State High Court. His Crimes were on a four-count of theft of a sum of N251,685,000 (251 million) which belongs to a company which has also been identified as Lee Fakino Nigeria Limited.
A statement was released by the Head of Media and Publicity of the anti-graft agency who is Wilson Uwujaren. The statement revealed that this man, Obakin committed the crime in Ibadan last year and this was around December 2022. This man was a director in the company he stole from. The company has 2 directors and he was one of them.
He was also a signatory to the company’s account, and he had gone ahead to Withdraw this large amount of money from the company account without being permitted by another signatory to the account in person of the Managing Director and Chief Executive Officer. He didn't have the authorization to carry out such an action without the due permission.
Other than just withdrawing the money, he also removed both the telephone numbers and email address of the company's MD/CEO from the bank details of the company because of the transaction notification alerts. By doing this, he was able to keep track of the account.
The statement revaled “Obakin, afterwards withdrew the said sum from the account of the firm, which was money paid for works executed by Lee Fakino Nigeria Limited for the Lagos State Ministry of Agriculture between December 22, 2022, and March 9, 2023, without any notification received by Fajemiyo"
This man went ahead to plead not guilty to these charges that had been preferred against him by the EFCC. The defendants counsel requested that the court grants Obakin bail while the prosecution counsel then requested that the court fixes a trial date and also remand the defendant to the Correctional facility until the case is determined.
Justice Ladiran Akintola then granted him bail in sum of N50 million alongside two sureties in like sum. These 2 sureties are to swear an affidavit of means and also deposit their National Identification Slip with the court. They will also provide the court with adequate residential addresses.
The case has been adjourned till the 23rd of October 2023 for further hearing.
The Economic and Financial Crimes Commission (EFCC) have arraigned a man in court over theft of N251 million which belongs to a company. This man also happens to be the director of this company he stole from. This man has been identified as Emmanuel Obakin Ajibola.
It was the Ibadan Zonal Command of the EFCCwho arraigned this man yesterday, Tuesday September 12, 2023 before the Oyo State High Court sitting in Ibadan. He was arraigned before Justice Ladiran Akintola of the Oyo State High Court. His Crimes were on a four-count of theft of a sum of N251,685,000 (251 million) which belongs to a company which has also been identified as Lee Fakino Nigeria Limited.
A statement was released by the Head of Media and Publicity of the anti-graft agency who is Wilson Uwujaren. The statement revealed that this man, Obakin committed the crime in Ibadan last year and this was around December 2022. This man was a director in the company he stole from. The company has 2 directors and he was one of them.
He was also a signatory to the company’s account, and he had gone ahead to Withdraw this large amount of money from the company account without being permitted by another signatory to the account in person of the Managing Director and Chief Executive Officer. He didn't have the authorization to carry out such an action without the due permission.
Other than just withdrawing the money, he also removed both the telephone numbers and email address of the company's MD/CEO from the bank details of the company because of the transaction notification alerts. By doing this, he was able to keep track of the account.
The statement revaled “Obakin, afterwards withdrew the said sum from the account of the firm, which was money paid for works executed by Lee Fakino Nigeria Limited for the Lagos State Ministry of Agriculture between December 22, 2022, and March 9, 2023, without any notification received by Fajemiyo"
This man went ahead to plead not guilty to these charges that had been preferred against him by the EFCC. The defendants counsel requested that the court grants Obakin bail while the prosecution counsel then requested that the court fixes a trial date and also remand the defendant to the Correctional facility until the case is determined.
Justice Ladiran Akintola then granted him bail in sum of N50 million alongside two sureties in like sum. These 2 sureties are to swear an affidavit of means and also deposit their National Identification Slip with the court. They will also provide the court with adequate residential addresses.
The case has been adjourned till the 23rd of October 2023 for further hearing.