Lagos - AZH Enterprises Limited Chairman and Chief Executive Officer, Aliyu Zakari, has been sentenced to two years imprisonment on a two-count charge bordering on issuance of a dud cheque.
He was sentenced following his appearance before Justice Yusuf Ubale of the Kano State High.
The convict was arrested by the Economic and Financial Crimes Commission following a petition alleging that he refused to pay part of the value of premium motor spirit and automotive gas oil sold to him by the petitioner, and that the cheques he issued to settle the debt were returned unpaid owing to insufficient funds in his account.
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AZH Enterprises Limited and Zakari on or about June 30, 2010 in Kano within the judicial division of the High Court of Justice of Kano State issued a First Bank Plc cheque in the sum of N9 million to one Alhaji Magaji Ubale.
When presented sometime in July, 2010, it was dishonoured on the ground that no sufficient funds were standing to the credit of the account upon which the cheque was drawn.
Zakari paded guilty to the charges.
In view of his plea, Justice Ubale convicted and sentenced him to two years imprisonment without an option of fine. The judge however imposed a fine of N10 000 only against the company.
- CAJ News