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    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

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N7.9bn Fraud Charge: Court Again Suspends Stella Oduah’s Arraignment Till July 17

The Daily Crucible by The Daily Crucible
June 15, 2023
in News
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N7.9bn Fraud Charge: Court Again Suspends Stella Oduah’s Arraignment Till July 17

Justice  Inyang Ekwo of the Federal High Court, Abuja on Thursday, June 15,  2023, again suspended the planned arraignment of a former Minister of  Aviation, Stella Oduah and others on alleged N7.9 billion fraud charges,  citing security reasons,

According to the judge, the court will not continue with the trial until it is certain and satisfied that the security and safety of the persons involved in the trial are assured.

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At the last adjourned date, Justice Ekwo had complained about receiving private messages regarding the case from persons whose identities he did not disclose while warning them to desist from intruding on his privacy.

At today’s proceeding, Justice Ekwo voiced his anger that the prosecution failed to fish out the culprits.

“I  want you to find out who that character is, arrest him and bring him to court on the next date. I am not going to go on with this trial until I  am certain and satisfied that the security and safety of all the persons involved in the trial is assured,” he said.

Justice  Ekwo produced a publication wherein his life was severely threatened over his involvement in the trial. He urged the EFCC to fish out the culprits and bring them before the court, even as he ordered the Deputy  Chief Registrar of the Court to liaise with the Corporate Affairs  Commission to obtain the identities of the promoters of the offending publication.

Before the case was adjourned, counsel to the seventh defendant, intimated the court of a letter wherein he informed the court that his client, Crystal Television, had entered into a plea bargain with the EFCC and already paid One Hundred Million (N100,000,000.00) as part-payment for compounding the offence contained in the charge.

Part of the letter reads: “Sequel to our letter dated 22nd May  2023, on the above matter, we hereby forward, under the covering of this letter, a Zenith Bank Manager’s Cheque (Bank draft) Nos. 00009061,  00009063, 00009065, 00009066, 00009068, 00009070, 00009071, 00009072 and  00009073, all dated May 2023, in the sum of N100, 000,000.00(One  Hundred Million Naira) only as part payment for compounding of offenses contained in the above charge”.

The  letter further stated that, “Pursuant to all previous payments and the  one referred to herein, our client has the sum of N280, 000,000.00  balance payment and the same shall be paid as soon as possible.”

The judge, however, adjourned the matter till July 17, 2023 for the CAC to report on the owners of the organization, and the EFCC to fish out the culprits.

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