Daily Times Directors, Others Charged With Theft

Date: 03-08-2010 4:39 pm (13 years ago) | Author: Daniel Bosai
- at 3-08-2010 04:39 PM (13 years ago)
A Federal High Court sitting in Lagos South-West Nigeria, has adjourned till 27 September, 2010, a 21-count criminal charge of advanced fee fraud preferred against Folio Communications Limited and two of their directors, Fidelis Anosike and Nuel Anosike.

Folio Communications Limited, Mr. Fidelis Anosike and Nuel Anosike were further alleged to have stolen various sums of money from the sales of other properties belonging to Daily Times. For example, it was alleged that they stole N240 million obtained by the Daily Times Nigeria Plc from Afrinvest West Africa Limited out of which the sum of N135 million was used to pay for their personal loans to the Nigeria Deposit Insurance Corporation (NDIC) on behalf of Hallmark Bank in liquidation and the balance of N105 million was converted to their personal use.
The accused directors of Folio Communications were also alleged to have obtained 19 vehicles valued at N28 million from Ineh Mic Auto Co Limited under false pretences of supplying same to the Daily Times of Nigeria Plc for operational use but never paid for them since 2004. The vehicles were diverted to their own personal use.
They were also accused of conspiring to obtain the total sum of N100 million from Corporate Properties Limited and Senator Ikechukwu Obiora by falsely representing that they have printing factory at Lugbe, Abuja when in fact they do not have such thing to sell to Daily Times Plc, Abuja, thereby inducing the said company and Senator Ikechukwu Obiora to pay the said sum in lieu of the non-existence a factory being traded for the Daily Times.

Posted: at 3-08-2010 04:39 PM (13 years ago) | Addicted Hero