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Businessman in court over multi-million Naira fraud

29 January 2014, 17:19Henry Ifeanyi

Lagos - The Economic and Financial Crimes Commission (EFCC) has filed a N82.9 million fraud case against entrepreneur, Bube Okorodudu.

The anti-graft agency is accusing the Chairman of Cross Country chairman and his company for theft, conspiracy and forgery.

The EFCC alleged that Okorodudu, is also the chairman of Car Link, and his company stole the money which was the sales proceeds of 17 units of Volkswagen transporter buses belonging to AG Moeller Ltd.

According to Francis Usani, who signed the charges on behalf of the EFCC, the accused allegedly stole the money from AG Moeller between February 13, 2008 and August 14, 2009.

The EFCC claimed the buses were fraudulently sold to GMT Nigeria Ltd, Multichoice Nigeria Ltd as well as Law Union and Rock/TFS Finance Ltd.  

The accused were said to have forged a document titled, “Nigeria Customs Service Motor Vehicle Duty Certicificate” with number A008911777 to facilitate the alleged stealing.

The alleged offence contravenes Section 390 of the Criminal Code Cap. C17 Vol. 2 Laws of Lagos State of Nigeria 2003.

The prosecution claimed that other offences of forgery and uttering violated provisions of Sections 467 and 468 of the same law, respectively.

Okorodudu and his company will be formally arraigned on February 6.

– CAJ News


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