Alleged N16.4m: Absence of Judge stalls trial of former IG

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The Independent Corruption Practices and Other Related Offences Commission, arraigned the duo before the Judge on a five-count bordering on fraud and conspiracy.

The prosecutor, Mr O.G. Iwuagwu, had told the court that the duo were being tried for alleged N16.4 million fraud.

Iwuagwu told the court that the defendants committed the alleged offence between May 2006 and November 2006, when they allegedly conspired and used their positions to place N500 million in two fixed deposit accounts.

He told the court that the money was part of the N557,995,065 donated by the Bayelsa State Government to the Nigeria Police Force for the purchase of arms and ammunition.

The prosecutor alleged that the said N500 million placed in fixed deposits yielded N16.4 million interest.

The defendants had denied the charges.

At the resumed hearing on Tuesday, the matter could not be heard due to the absence of the Judge and the case was adjourned to June 26, for the continuation of hearing.

(NAN)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PUNCH


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