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Ex-MTN staff back in court for housing scheme fraud

12 December 2014, 11:01Okoro Chinedu

Lagos - A contractor in the fraud case against former officials of MTN Nigeria suffered a setback when the Lagos State High Court denied him bail for violating court orders.

The contractor, Mutairu Babatunde, and two former staff of MTN, Victor Akintunde and  Gani Mustapha, and their companies Primavera Engineering and Construction Limited, and Mabo Dredging Limited are appearing before justice Lawal Akapo on a 17-count charge bordering on conspiracy, obtaining money by false pretense, forgery, and issuance of dud cheque.

The case dates back to 2008 when Akintunde and Mustapha, former executive members of MTN Employees Multipurpose Cooperative Society (MEMCOS), allegedly could not account for more than N1 billion contributed by members of MEMCOS.

They were purposed to own houses in the ambitious "Yellow Estate" proposed to them by the executive members.

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MEMCOS  was reportedly set up in order to build housing estate for the contributors but unfortunately after over N1,000,000,000 was contributed, the contributors received neither houses nor refund of their money.
Akintunde and Mustapha allegedly connived with Babatunde, a purported contractor and converted the money into their personal use.

All the accused persons pleaded not guilty when the charges were read to them.

Counsel to Babatunde moved a bail application for his client which was opposed by the prosecuting counsel,  Emmanuel Jackson.

However, according to Jackson, it took over one year for the accused to appear before the court, even after he was ordered by the court  to make himself available.

Justice Akapo upheld the prosecution’s argument and remanded Babatunde in Kirikiri maximum prison pending hearing of bail application.

The case was adjourned to Tuesday.

- CAJ News


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