Lagos – The trial of a local businessman
fingered in the defrauding of a Swiss-based global producer of potassium is set
to resume at the Lagos High Court on Thursday.
Femi Ogunlowo and his five companies will appear on a
ten-count 10 count charge bordering on conspiracy, obtaining money by false
pretence and forgery.
Operatives of the Economic and Financial Crimes
Commission (EFCC) arrested the suspect last August following a petition ent to the Commission through the
Ministry of Foreign Affairs Abuja on
behalf of the Office of the Public Prosecutor of Switzerland.
The petition alleged that some unknown individuals from
Nigeria broke into the server of their company Uralkali Trading SA Account and
fraudulently transferred about $860 000 into several bank accounts in Nigeria.
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Investigations later showed the said amount was traced to
several corporate accounts spread across banks in Nigeria.
The company accounts where money was traced and in which
Ogunlowo was found to be sole signatory and director are: Forston Construction
Limited, Chestlinks Power System Limited, Chestlinks Concept Investment
Limited, De Beauvior Integrated Limited and Crestcom Education Development
The defendant was said to have took over the
complainant's email address and without their knowledge, authorized a
transaction and instructed the bank to transfer the sum of money in question.
The defendant pleaded not guilty to all the charges when
he appeared in court on Tuesday.
However, Justice Adebiyi adjourned the case to
today for hearing of bail application.
- CAJ News