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Businessman in court over $1 million swindle

25 March 2014, 17:33

Lagos -  The Economic and Financial Crimes Commission (EFCC) has arraigned a businessman, Collins Uhiangho, before an Ikeja High Court for allegedly defrauding one  Godwin Evbusogie of $1 million.

The EFCC alleged that Uhiangho conspired with other suspects still at large to defraud the victim in June last year under the pretence that he had a huge contract to execute in Akwa Ibom State and needed to buy a sea vessel.

After obtaining the money as loan from Evbusogie, the defendant allegedly absconded with the money until he was recently arrested by officials of the EFCC.

The offences allegedly committed by the defendant contravene sections 1 (3) and 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006.

Uhuangho, however, pleaded not guilty to the charge and was subsequently granted bail in the sum of N5m with two sureties by the presiding Judge, Justice Lateef Lawal-Akapo.

The judge directed that one of the sureties must be a civil servant of GL14 and above, while the other should own a property at a Government Reservation Area, Lagos.

The judge said both sureties should depose to an affidavit of means and produce evidence of three years tax payment.

He further instructed that the defendant should to deposit his American and Nigerian international passports with the chief registrar of the court.

- CAJ News

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