ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home National

N855m fraud:C’Appeal to hear bank chiefs, Indian bizman’s appeal  

13th January 2021
in National
0
Imo, Bayelsa: Nigerian laws archaic, needs reform – Lawyer
0
SHARES
45
VIEWS
Share on FacebookShare on Twitter

By Lukman Olabiyi

Lagos Division of the Court of Appeal will today (Thursday) hear the appeal filed by an Indian businessman, Ashok Israni and two top officials of Keystone Bank, Anayo Nwosu and Olajide Oshodi, seeking to overturned their five-year conviction over a N855 million fraud. 

Justice Kudirat Jose of the Lagos State High Court in Igbosere had in December 2019 jailed Israni, Nwosu and Oshodi on an amended 15-count charge bordering on conspiracy and obtaining by false pretence to the tune of N855 million.

The date was communicated to parties in the matter by the appellate court on Monday through a hearing notice.

The notice reads’ “CA/L/141/20
BTW:ANAYO NWOSU & FED REP OF NIG. COURT 2. TAKE NOTICE THAT the above-mentioned matter will be listed for hearing of the APPEAL before the court of Appeal sitting at Tafawa Balewa Square, Lagos on THURSDAY 14TH JANUARY 2021 at nine o?clock in the forenoon.

Justice Jose had also convicted NULEC Industries Limited belonging to Israni and Keystone Bank Limited in her judgment.

The Economic and Financial Crimes Commission (EFCC) had arraigned the convicts alongside one Sunny Obazee.

The defendants, however, pleaded not guilty to the charge preferred against by them by the EFCC, thereby leading to their full trial.

During the course of the trial, the prosecution counsel, Rotimi Jacobs, (SAN) presented witnesses and tendered several documents that were admitted in evidence by the court.

In her judgment, Justice Jose discharged and acquitted the fourth defendant, Obazee.

The Judge, however, convicted and sentenced the first, second and third defendants to five years imprisonment each on counts 1, 3, 4, 7, 9, 10 and 13 of stealing.

The companies were also ordered to pay a fine of N20 million to the Federal Government on counts 1, 10 and 13.

The Jugde also ordered the convicts to restitute the sum of N395 million to the victim of the fraud.

She held, “Based on the analysis above it is my view that the three ingredients of stealing have been proved against the first, second, third, fifth and sixth defendants.

They are therefore found guilty as charged. The charge not having been proved against the 4th defendant he is discharged and acquitted of count 1.”

The judge found that the money paid by Chukwudozie for the shares was spent and no allotment of shares was made.

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

Tags: appealbankbizman'sC'AppealchiefsfraudhearindianN855m
Cyril

Cyril

Related Posts

FRSC
National

FRSC, NEMA record 684 road crashes, 192 deaths in 1 month

26th January 2021
Abaribe lauds establishment of international school in Abia
National

Abaribe, Nwogu mourn Eze Enweremadu

26th January 2021
Bayelsa guber: Campaign posters  removal sparks controversy
National

Bayelsa earmarks funds for federal roads

26th January 2021
Next Post
Xenophobia: Ohanaeze lambasts Adeyinka Grandson over comments on Igbo in South

Kogi gov congratulates Obiozor

Human Rights activist, Eholor faults Keyamo on N20,000 pay for youth

Human Rights activist, Eholor faults Keyamo on N20,000 pay for youth

Clark to Akpabio: Stop interfering with NDDC 

Clark to Akpabio: Stop interfering with NDDC 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Inflation to hover around 16.6% this year –Analysts

AfCFTA: ‘Ecobank well positioned to make payments smooth for customers’

Polaris Bank to unveil ‘Save & Win’ promo’s 1st millionaire on February 9

FRSC, NEMA record 684 road crashes, 192 deaths in 1 month

Abaribe, Nwogu mourn Eze Enweremadu

Bayelsa earmarks funds for federal roads

Trending

US poll: Trump supporters protest as world leaders laud Biden
Editorial

Biden’s inauguration and victory for democracy

26th January 2021
0

We congratulate Joseph R. Biden, Jr., on his investiture as the 46th President of the United States...

Searching for smoking guns against Atiku

Covid-19 vaccines: Yahaya Bello’s kick in the teeth

26th January 2021

Brutalization of justice in politics

26th January 2021
Inflation hits11.24% in Sept as food prices rise

Inflation to hover around 16.6% this year –Analysts

26th January 2021
As AfCFTA comes into force

AfCFTA: ‘Ecobank well positioned to make payments smooth for customers’

26th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist