The Economic and financial crime commission, EFCC, on Wednesday April 5, 2017, arraigned the duo of Udenze Ikenna Kenneth and Egwuatu Dozie Joseph on a Nine count charge, bothering on Money Laundering. While taking their plea before Hon. Justice Gafai of the Federal High Court sitting in Awka, the accused persons pleaded not guilty to the entire charge.
In view of their plea, their Counsels Barr Chuks Umeh and Barr Innocent Inoke respectively applied for their bail, which the Judge granted, with the following conditions: Two sureties on grade level 10 and above in the service of the Anambra State Government; must be resident in Awka, with documents verified by the prosecution and submitted to the court. The presiding Judge then adjourned to May 18, 2017, for commencement of trial.
The accused persons were alleged to have illegally concealed the sum of N2, 982,388 (Two Million Nine Hundred and Eighty –Two Thousand, Three Hundred and Eighty-Eight Naira) which is said to be proceeds of an illegal activity in their account. An offence which is contrary to and punishable under Section 17(a) of the Money Laundering (prohibition) (amendment) Act, 2012.
In a related development, the EFCC also arraigned one Mr. Chris Madu Ezeobi on a Bank Fraud related offense, for approving an overdraft of N6, 800,000.00 (Six Million Eight Hundred Thousand Naira Only) without necessary safe guards.
It was alleged that while being the Manager of Nnokwa Micro Finance Bank in Nwoka, Idemili South Local Government Area in 2013, approved and disbursed an overdraft in the sum of N6,800,000.00, which eventually went bad due to the death of the beneficiary.
Ezeobi pleaded not guilty and was granted bail by Justice Gafai in the following conditions: Two sureties not bellow grade/level 14, and must be in the service of the Anambra State Government, both sureties must be a resident in Awka and their documents verified by the prosecution and submitted to the court. The case was then adjourned to May 31, 2017, for the prosecution to open his case against the accused
One of the charge reads:
That you CHRIS MADU EZEOBI sometimes in May, 2013 while being the manager of Nnokwa Micro Finance Bank (MFB) in Nnokwa, idemili South Local Government Area, Anambra State within the jurisdiction of the Federal High Court of Nigeria, did knowingly granted and approved an overdraft in the sum of N6,800,000.00 in favour of Uzodimma Chukwuanu doing business in the name and style of Neomasco Enterprises and a current account holder with account number 400235 which said sum is above your limit as the Manager of the bank and thereby committed an offence contrary to section 25(1) (a) (b) of the failed bank and thereby committed an offence contrary to Section 15 (1) (a) (b) of the Failed Bank ( Recovery of Debt and Financial Malpractices Bank Act Cap F2 of the Revised Edition (Laws of the Federation of Nigeria 2004 and punishable under Section 16 (1) (a) of the same Act.
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