Former Diamond Bank Manager Remanded To Prison Over N24 Million Fraud

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The Federal High Court in Ikoyi, Lagos has requested that a previous Manager of Diamond Bank Plc., Chinedu Oguike, be remanded to jail guardianship over a N24 million misrepresentation charge.

Equity Abdul Aziz Anka gave the decision on Tuesday when the respondent was summoned by the Police Special Fraud Unit for a three-number charge verging on scheme, acquiring cash under false falsification, and development expense extortion.

CSP Effiong Asuquo, the power prosecutor, blamed Mr. Oguike of cheating one Ufomba Nnabugwu of N24 million on the falsification that he would secure a property for Mr. Nnabugwu in the Ijegun zone of Lagos State. The litigant was likewise blamed for recompensing a credit to himself with invented insurance under the name Edwin Obele Ezeakachukwu.

The offenses, which were supposedly dedicated in 2014, negate the arrangements of Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offenses Act of 2006 and culpable under Section 1(1)(a)(3) of the same Act and additionally Section 1(2)(c) of the Miscellaneous Offenses Act Cap. M17 Laws of the Federation of Nigeria 2004.

The barrier counsel, John Itodo, made an oral safeguard application after his customer had argued not liable to the three-count charges demanded as a detriment to him. He asked the court to concede safeguard to his customer since he had been on safeguard before the justice and did not default on the states of safeguard allowed before.

Mr. Itodo included that the matter had been continuous at the Magistrate Court for around two years before it was pulled back and brought under the steady gaze of the Federal High Court.

Mr. Itodo contended that the prosecutor overwhelmed his customer, having quite recently been educated early today that the case had been pulled back from the Magistrate Court and was being documented under the steady gaze of the Federal High Court.

For the barrier counsel, who contradicted the supplication for safeguard, Justice Anka decided that an appropriate application for safeguard be recorded under the watchful eye of the court. The judge dismissed the case to September 6.