Date set for multi-billion Naira fraud ruling

MICHAEL Igbinedion facing billions of Naira fraud charges

MICHAEL Igbinedion facing billions of Naira fraud charges

from OKORO CHINEDU in Lagos, Nigeria
LAGOS – MICHAEL Igbinedion, the younger brother of former Edo State Governor, Lucky, and others will know their fate on January 30 when the Federal High Court is scheduled to pass judgment in their N25billion money laundering and abuse of office charge.

Igbinedion, Patrick Eboigbodin and four companies: Gava Corporation Limited; Romrig Nigeria Limited; PML Securities Company Limited and PML Nigeria Limited are facing trial over the alleged scam.

The Economic and Financial Crimes Commission (EFCC), the anti- graft agency, arraigned them on an 81-count charge bordering on money
laundering, misappropriation of funds, conspiracy and abuse of office.

The case has sucked in the former governor.

The prosecuting counsel recently called the attention of the court to the inability of the bailiff to serve the summon earlier issued by it on Lucky, who failed to present himself in court, after the Appeal Court decision in April, asking him to return to the High Court for trial.

Jacobs disclosed that all efforts by the bailiff to serve Lucky Igbinedion with the summon, met a brick wall as he was always turned back from the gate by security men who told him on all occasions that Igbinedion was out of town.

The EFCC counsel then prayed the court to permit a substituted service of the summon on the last known address of Igbinedion.

– CAJ News





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Posted by on Nov 17 2014. Filed under Featured, Finance, Finance & Banking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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