EFCC charges 2 with N330m fraud

Monday, November 30, 2015 8:12 pm

Ibrahim Kamba: charged with N300m fraud

The Economic and Financial Crimes Commission, EFCC, on Monday, November arraigned one Ibrahim Kamba and his company, Kamba Investment Nigeria Limited, before Justice S. Balami of the FCT High Court, Gwagwalada, Abuja on a nine-count charge bordering on forgery and obtaining by false pretence to the tune of N300 Million.

The suspect had allegedly indicated interest in a plot of land located at Plot No. 1750, Cadastral Zone Co4 Dape, Abuja, which one Musa Annas Sabi of Kamba Engineering Services wanted to sell for N60m( Sixty Million Naira).

Although the accused made an initial deposit of N15m( Fifteen Million Naira) to Sabi, he could not complete the balance at the agreed time.

As a result, Sabi resolved to return the N15m he had initially received from the accused person. But all efforts by Sabi to return the money were allegedly rebuffed by the accused person.

Unknown to Sabi, the accused person allegedly later sold the piece of land to the complainant, FirstChoice Properties Limited, for N300 million, using some forged letter head of Kamba Engineering Limited, Certificate of Occupancy and Memorandum of Understanding, among others.

Salami Adejare

The accused person pleaded not guilty to the charges when they were read to him.

In view of the plea by the accused person, the prosecution counsel, Salisu Majindadi, asked the court for two or three days to open and close his case, adding that he has enough witnesses to testify against the accused person.

The defence counsel, O.J. Aboje then moved the motion for bail application on behalf of the accused person.

After listening to both counsel, Justice Balami adjourned to December 1, 2015 for ruling on the bail application.

In a related development, the EFCC, today arraigned one Salami Adejare before Justice A.I Kutigi of an FCT High Court sitting in Apo, Abuja on a 2-count charge bordering on issuance of dud cheque.

Adejare allegedly issued two separate cheques in the name of S. Adejare Nigeria Limited to the tune of N40m (forty million naira) in favour of New-Way Nigeria Limited sometime in August, 2013 which upon presentation for payment was returned unpaid for insufficient funds in the account, in contravention of Section 1 (1) (b) of the Dishonoured Cheques (Offences) Act Cap D11 Laws of the Federation of Nigeria 2004 and punishable under Section 1 (1)(b) of the same Act.

Count two of the charge reads:

The accused pleaded not guilty to the charge when it was read to him.

Justice Kutigi admitted the accused to bail in the sum of N5m (five million naira) with one surety not below grade level ten (GL 10) in the civil service and adjourned to January 21, 2016 for hearing.

The accused is to be remanded in Kuje prison custody until the bail terms are met.