Categories: Local

Alleged N1.7bn Fraud: Court Fixes Oct 22 To Rule On First Nation Airways MD’s Case

Logo of a court gavel

 

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, has fixed October 22, 2021, to rule on the no-case submission filed by Managing Director and Chief Executive Officer of First Nation Airways Limited, Kayode Odukoya.

Mr Odukoya is being prosecuted for an alleged 1.7billion naira fraud.

Odukoya is standing trial alongside First Nation Airways Limited and Bellview Airlines Limited on a seven-count charge bordering on forgery, use of the false document, perjury, stealing and obtaining credit by fraud contrary to sections 85(1), 86(1), 278(1)&(b), 285(1), 313(1)(a) &(b),361(1)(a)& (b),363 (1) and 364(1) of the criminal law of Lagos State of Nigeria 2011.

One of the counts reads: “Kayode Odukoya and First Nation Airways, on or about the 29th day of August 2013 in Lagos, within the Ikeja Judicial Division, by means of fraud, obtained the credit of N307,268,406.43 for yourselves from Skye Bank Plc (Now Polaris Bank Ltd) and made the bank to incur liability by presenting a Memorandum of Loss at Lagos State Certificate of Occupancy registered as No.33 at page 33 In Volume 1011 at the Lagos State Registry, Alausa, Ikeja In respect of property being and situate at No. 29 Oduduwa Street, Ikeja GRA. Lagos State.”

Another count reads: “Kayode Odukoya, First Nation Airways Limited and Bellview Airlines Limited, on or about the 7th day of October 2016 in Lagos within, the Lagos Judicial Division, dishonestly converted to your own use the sum of N1, 742,994,962.04 (One Billion, Seven Hundred and Forty-one Million, Nine Hundred and Ninety-four Thousand, Nine Hundred and Sixty-two Naira, Four Kobo) property of Skye Bank Plc.”

He pleaded “not guilty” to the charges.

At the resumed sitting today, the defence counsel, Edoka Onyeke, adopted the written address for his client.

While adopting the address, Onyeke said: “We urge this Honourable Court to uphold the same and dismiss the seven-count charge and to discharge the defendant.”

On his part, the prosecuting counsel, Anslem Ozioko, adopted the written address of the prosecution dated July 8, 2021.

Ozioko, while also adopting his address, argued that the no-case submission of the defence “is not whether the defendant is guilty or innocent.”

He further argued that there was “legally admissible evidence against the defendant to warrant him to enter his defence and to explain his role in the charge.”

“It is not just about loans, but loans obtained using forged documents and has a criminal origin,” Ozioko added.

After listening to the arguments, the Judge adjourned till October 22, 2021, to deliver the ruling.

oluchi

Disqus Comments Loading...

Recent Posts

  • Sports

PSG Is Messi’s Most Likely Destination As Man City Close Door On Move – Report

  With Manchester City appearing to close the door on a move for Lionel Messi, Paris Saint-Germain may be the…

1 hour ago
  • Local

FG Seeks Special Courts For Rape, Gender-Based Violence Offences

  The Federal Government is engaging respective Heads of Courts to establish specialised courts for speedy and seamless trial of…

1 hour ago
  • Coronavirus

COVID-19: White House Says 50% Of Americans Fully Vaccinated

Half of the US population is now fully vaccinated against Covid-19, the White House said Friday, as inoculations rise in…

2 hours ago
  • Local

Army To Take Battle To Bandits’ Enclaves – COAS

The Nigerian Army has assured citizens of its total commitment to tackling banditry, saying its operations in the country have…

2 hours ago
  • World News

Taliban Capture First Afghan Provincial Capital In Blow To Government Forces

  The Taliban on Friday captured their first provincial capital since launching an offensive to coincide with the departure of…

3 hours ago
  • Headlines

Enugu, Kaduna, 11 Other Commands Get New Police Commissioners

  The Inspector-General of Police, Usman Baba, has ordered the posting of Commissioners of Police to take over the leadership…

3 hours ago