Abuja - A local school owner has been arraigned before Justice Peter Kekemeke of the Federal Capital Territory High Court, Abuja on a three-count charge bordering on issuance of dud cheque and breach of trust.
The Economic and Financial Crime Commission (EFCC) is seeking the prosecution of Dr George Odabi along with his company, Deo Gratias International School Limited.
According to a press statement by the Commission, the accused, sometime in September, 2013 received a N40, 1 million loan from one Egbunola Ogungbesan for the renovation of his school but reneged on his promise to pay the funds back.
The statement added that the accused issued seven post dated Zenith Bank cheques amounting to twenty seven million naira as part payment of the loan which were dishonoured upon presentation, due to insufficient funds in his account.
The main count reads, “That you, Dr George Odabi, being the owner and Chief Executive Officer of Deo Gratias International School Limited sometime in September, 2013 in Abuja, within the jurisdiction of the High Court of Federal Capital Territory, with knowledge that you had insufficient funds in your account, issued to one Egbunola Ogungbesan a Zenith Bank cheque dated 30th September,2013 with account name Deo Gratias International Limited for the sum of N9, 000, 000 (Nine Million Naira) which said cheque when presented for payment within three months of issuance was dishonoured due to insufficient funds in your account and thereby committed an offence punishable under Section 1(1)(b)(i)of the Dishonoured Cheques Offences Cap D11 Laws of the Federation of Nigeria Act 2007.”
Justice Kekemeke granted the accused bail in the sum of ten million naira (N10, 000,000) and two sureties in like sum. One of the sureties must be a level 15 officer and the case was adjourned to May 8 for trial.
– CAJ News
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