The Economic and Financial
Crimes Commission today arraigned a Jalingo, Taraba State-based businessman, Yusuf
Isa Ahmed before Justice Filibus B. Andetur of the Taraba State High Court sitting
in Jalingo on a 3 - count charge that borders on issuance of dud cheques
contrary to Section 1(1)(a)(i) of Dishonoured Cheque (Offences ) CAP D11(Laws
of the Federation) Act 2007.
The accused was arrested
following a petition by Osychris Industries Nigeria Limited alleging that Ahmed
who is the sole proprietor of Yuij Consult in Jalingo failed to fulfil his
obligations in a contract to sell 230 units of Frajend motorcycles valued at
N27million (twenty seven million naira)
According to the petitioner, Yusuf was
entrusted with 230 units of Frajend motorcycles worth N27, 000,000 (Twenty
seven million naira) to sell and remit the proceeds to Osychris Nigeria Limited
on a monthly basis over a 17 months period.
Yusuf allegedly remitted
only N10, 357,000 (ten million three hundred and fifty-seven thousand naira
only). Thereafter, he issued several cheques which were dishonoured by the bank
for lack of sufficient fund in the account.
The accused pleaded not
guilty to the charge and was granted bail in the sum of N1.5m. His surety is
also to show evidence of ownership of a landed property within the
jurisdiction.
The case was adjourned till
February 20, 2014 for commencement of trial.
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