Wednesday, October 28, 2020

Nigeria: Anti-graft agency arraigns lawmaker Nicholas Mutu over alleged $1 million fraud

-

The Economic and Financial Crimes Commission on Monday arraigned the member representing Bomadi/Patani Federal Constituency in the House of Representatives, Nicholas Mutu, for alleged abuse of office and fraud involving about N320m.

Mutu, a former Chairman of the House of Representatives Committee on the Niger Delta Development Commission, was arraigned before Justice Folashade Giwa-Ogunbanjo of the Federal High Court in Abuja.

He was arraigned on 11 counts, alongside Airworld Technologies LTD, Oyien Homes LTD, and one Blessing Mutu, said to be on the run an alleged abuse of office.

The EFCC alleged, among others that Mutu, while being the Chairman of the House Committee on NDDC, between August 2014 and August 2016 “did procure Airworld Technologies Ltd to conceal of the sum of N320,159, 689.63 to be paid by Starline Consultancy Services Ltd when you reasonably ought to have known that the said sum of N320, 159, 689.63 formed part of proceeds of corruption, gratification and fraudulent acquisition of property”.

- Advertisement -

The particular offence was said to be contrary to section 18(c) (d) of the Money Laundering Prohibition Act 2011 as amended by Act No. 1 of (2012) and punishable under section 15(3) of the same Act.

He pleaded not guilty to the 11 counts preferred against him and his co-accused by the EFCC.

After his plea was taken, EFCC’s lawyer, Ekele Iheanacho, requested the judge to fix a date for trial and remand the defendant in prison.

But defence lawyer, Patrick Ikweto (SAN), informed the court that he had filed a bail application on behalf of his client.

- Advertisement -

The judge, however, said she could not reckon with the bail application filed before the arraignment took place.

Ikweto then assured the judge that he would file a fresh bail application before the end of Monday and pleaded with the judge to allow the defendant to go home with him with an undertaking to produce him in court before the hearing of the application.

He was arraigned on 11 counts, alongside Airworld Technologies LTD, Oyien Homes LTD, and one Blessing Mutu, said to be on the run an alleged abuse of office.

The EFCC alleged, among others that Mutu, while being the Chairman of the House Committee on NDDC, between August 2014 and August 2016 “did procure Airworld Technologies Ltd to conceal of the sum of N320,159, 689.63 to be paid by Starline Consultancy Services Ltd when you reasonably ought to have known that the said sum of N320, 159, 689.63 formed part of proceeds of corruption, gratification and fraudulent acquisition of property”.

The particular offence was said to be contrary to section 18(c) (d) of the Money Laundering Prohibition Act 2011 as amended by Act No. 1 of (2012) and punishable under section 15(3) of the same Act.

He pleaded not guilty to the 11 counts preferred against him and his co-accused by the EFCC.

After his plea was taken, EFCC’s lawyer, Ekele Iheanacho, requested the judge to fix a date for trial and remand the defendant in prison.

But defence lawyer, Patrick Ikweto (SAN), informed the court that he had filed a bail application on behalf of his client.

The judge, however, said she could not reckon with the bail application filed before the arraignment took place.

Ikweto then assured the judge that he would file a fresh bail application before the end of Monday and pleaded with the judge to allow the defendant to go home with him with an undertaking to produce him in court before the hearing of the application.

EFCC’s lawyer, Iheanacho Iheanacho, opposed the request to release the defendant to his lawyer.

He said the commission had previously granted an administrative bail which he never honoured.

- Advertisement -

He said he had Mutu in court on Monday out of fear of the arrest warrant that could be issued against him.

Ruling, the judge directed the defendant to continue in the previous administrative bail granted him by the EFCC.

The judge adjourned till February 25 for trial.

($1 = N363.81)

MUST READ

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Former Malawi minister sentenced to six years in prison over passport corruption scandal

A court in Malawi’s capital Lilongwe on Thursday sentenced a former home minister to six years in prison after he was found guilty in...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks