admin
The
Enugu Zonal office of the Economic and Financial Crimes Commission has
arraigned a lawyer, Nwabufo Richard Obienu and his company, Forric
Nigeria Limited before Justice B.G Diepri of a Rivers State High Court,
Port-Harcourt on a three count charge bordering on conspiracy to commit felony
and stealing by conversion to the tune of N200,000,000.00 ( Two Hundred Million
Naira only).
One of the charges reads, “that you, Barrister Nwabufor Richard
Obienu while being Managing Director of African Pioneer Company Limited,
sometime in the year 2010 at Port Harcourt within the jurisdiction
of the High Court of Rivers State, with intent to defraud, fraudulently
converted to your personal use the sum of N68.871.197.57 ( Sixty Eight Million,
Eight Hundred and Seventy-one Thousand , One Hundred and Ninety Seven Naira,
Fifty Seven Kobo ) out of the N200,00,000.00 ( Two Hundred Million Naira)
being property of African Pioneer Company Limited paid to her as compensation
and thereby committed an offence”.
The offence is contrary to Section 388 of the Criminal code Law, CAP 37 Vol.II
Laws of Rivers State of Nigeria 1999 and punishable under Section 390(9) of the
same Law.
The defendant pleaded “not guilty” when the charges were read to him. In view
of his plea, the defence counsel, Ifeoma Adara moved a motion that her client
be granted bail on liberal terms because he had recently undergone a brain
surgery.
The defendant was granted bail in the sum of N100, 000, 000.00(One
Hundred Million Naira) and a surety in like sum. The surety is to swear to an
affidavit of means and must also deposit four passport photographs with the
court.
The defendant was remanded in EFCC custody for three day, pending the
perfection of his bail terms.
The case has been adjourned to December 19, 2019 for trial
