Thursday 9 August 2012

EFCC Arraigns Keystone Bank Staff Over N855m Scam.

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned three officials of Keystone Bank (formerly Bank PHB) before Justice Habeeb Abiru of the Lagos State High Court sitting in Ikeja over N855million scam.
The officials include Anayo Nwosu, Olajide Oshodi and Sunny Obaze together with the managing director of Nulec Industries Limited, Ashok Isran.
The suspects were arraigned on a two-count charge bordering on conspiracy to obtain the said sum from one Sir Daniel Chukwudozie of Dozzy Oil and Gas Limited under the false pretence of paying for Preference Shares of Nulec Industries Limited in an upcoming Initial Public Offer, a statement by the EFCC spokesman Wilson Uwujaren has said.
EFCC Counsel Rotimi Jacobs informed the court after the accused persons pleaded not guilty to all the charges, that the prosecution will not oppose bail but urged that the court to grant bail on stringent condition.
Defense counsel Uche Obi, who appeared for Nwosu, Oshodi and Obazee, expressed satisfaction with the decision of the prosecution not to oppose bail.
The case was adjourned to October 22nd and 23rd for commencement of trial.

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