• ABOUT US
  • How to Advertise with (DE-GBETU) GBETU TV
  • CONTACT US
Saturday, January 23, 2021
GBETU TV
  • ABOUT US
  • How to Advertise with (DE-GBETU) GBETU TV
  • CONTACT US
No Result
View All Result
GBETU TV
No Result
View All Result
El BLENDS El BLENDS El BLENDS
Home News

Money laundering: lawyer exposes his client in court

TEMI BADMUS by TEMI BADMUS
25 September 2019
in News
0
Money

 

Money laundering: lawyer exposes his client in court.

Justice Christopher Balogun of the State High Court at the Tafawa Balewa Square, TBS, Onikan, Lagos, on Wednesday, remanded Abubakar Peters, Chairman, Nadabo Energy Limited, in prison for plotting to evade trial and abscond from the country.

Peters is standing trial on a 27-count charge bordering on obtaining by false pretence, forgery and use of forged documents to the tune of N978 million (N978, 401, 732, 09) brought against him by the Economic and Financial Crimes Commission, EFCC.

Money

The defendant allegedly defrauded the federal government of the said sum of money by supplying 6, 505,140. 04 litres of Petroleum Motor Spirit, PMS, instead of 19,488, 992 litres, being the quantity he was contracted to nd abscond from the country.

Etudo, in a sworn affidavit, also told the court he urged his client to pay back the money upon realizing that he had defrauded the federal government.

“My Lord, he agreed to pay the money and subsequently made some payments.

“He, however, stopped at some point.

“He also informed me of his plans to abscond from the country without paying back in full the money he obtained under false pretence,” Etudo stated.

May also Interest You - Open on a "New Tab":

  • Internet scammer charged with five cases over…
  • Court Jails Man, One Year, for $240,000 Romance Scam
  • EFCC arrests man for impersonating Babatunde Fashola
  • N700m fraud: Ize-Iyamu, to appear in court on Thursday
  • Yahoo Lady sentenced to 8-months Prison term at Benin

The defence counsel, in his further submission, told the court that his client was planning to frustrate a similar case after receiving money from parties involved.

“My Lord, my client forged his signature on the Corporate Affairs Commission, CAC, documents and gave damaging false information about me and other lawyers involved in the case.

“He is involved in three oil subsidy cases, although the EFCC is only aware of two of them.

“The total money belonging to the Federal Government of Nigeria, which was siphoned abroad, is about N2billion,” he further told the court.

The defence counsel, therefore, urged the court to permit him to withdraw from the case, saying “the defendant is a threat to national security and will abscond if he continues on the bail he was granted by the court.”

The prosecution counsel, S.K. Atteh, did not oppose the prayers of the defence counsel.

Justice Balogun granted the defence counsel leave to withdraw from the case based on the serious allegations levelled against his client.

The judge also vacated all the undertakings made on behalf of the defendant by the counsel’s law firm since he could no longer assure the court that he is in a position to produce the defendant at his trial.

Consequently, Justice Balogun remanded the defendant in prison custody and adjourned the case to October 15, 2019, for the continuation of hearing.

Previous Post

The Amalgamation Scam called Nigeria

Next Post

Egypt: Authorities arrested more than 1,100 citizens over protest

TEMI BADMUS

TEMI BADMUS

Temi Badmus is a Food scientist and an Art enthusiast. Her desire is to give a listening ear to people and to give an opportunity for everyone to be heard. She's a humorous and controversial writer, who believes all form of writing is audible if its done well. Temi Badmus is research oriented, dog lover; she is currently a mum to a brutal Jack Russell terrier named "Cash" 🐶. The future is female... The future is Productive

Next Post
Egypt: Authorities arrested more than 1,100 citizens over protest

Egypt: Authorities arrested more than 1,100 citizens over protest

Leave a Reply Cancel reply

Search GBETU TV

No Result
View All Result
Get new posts by email:

Trending Now

  • House, Cars burnt as Yorubas in Oyo clears Fulani from State - Update
    House, Cars burnt as Yorubas in Oyo clears Fulani from State - Update
  • Articles Of Impeachment Against President Joe Biden filed
    Articles Of Impeachment Against President Joe Biden filed
  • Anambra 2021: Senator Ifeanyi Ubah's Boys Go After Smart Okafor
    Anambra 2021: Senator Ifeanyi Ubah's Boys Go After Smart Okafor
  • Igboho orders Fulani Herdsmen out of Oyo; Afenifere disagrees
    Igboho orders Fulani Herdsmen out of Oyo; Afenifere disagrees
  • I will smash Anthony Joshua in Three rounds - Tyson Fury
    I will smash Anthony Joshua in Three rounds - Tyson Fury
  • Zamfara govt accused of donating Hilux vans to bandits
    Zamfara govt accused of donating Hilux vans to bandits
  • Ondo Herdsmen: We voted Buhari to protect us not to destroy us - Dojumo
    Ondo Herdsmen: We voted Buhari to protect us not to destroy us - Dojumo
  • Tenant Arraigned For Biting Off Landlord’s Lips
    Tenant Arraigned For Biting Off Landlord’s Lips
  • Forest reserves: No herdsman can operate without permission, Ondo insists
    Forest reserves: No herdsman can operate without permission, Ondo insists
  • Herdsmen vs Ondo govt: Reason Garba Shehu must be arrested - Giwa
    Herdsmen vs Ondo govt: Reason Garba Shehu must be arrested - Giwa

Recent Posts

  • Four Feared Killed As Kidnappers Attack Soldiers In Ondo
  • House, Cars burnt as Yorubas in Oyo clears Fulani from State – Update
  • Tenant Arraigned For Biting Off Landlord’s Lips
  • Prepare for death – Lagos Chief Imam
  • Why I rejected marriage proposal from Fela – Onyeka Onwenu
  • Buhari approves N6.45billion oxygen plants for COVID-19 treatment
  • ‘Nigeria loses N455b to poor sanitation practices’
  • El-Zakzaky’s wife contracts COVID-19 in detention
  • We’ll Improve Health Indices, Others – Says Ogun Commissioner
  • Fawazzy – Concern You Ft Magnito
  • Privacy & Policy
  • Home

Copyright © 2013 - 2020. All Rights Reserved. GBETU TV

No Result
View All Result
  • ABOUT US
  • How to Advertise with (DE-GBETU) GBETU TV
  • CONTACT US

Copyright © 2013 - 2020. All Rights Reserved. GBETU TV

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.