Nigeria Newspapers Online

Obaze who allegedly stole car sales proceeds of N15.5m arraigned by EFCC

Must Read

Obaze who allegedly stole car sales proceeds of N15.5m arraigned by EFCC

EFCC Operatives

Published By: Isa Isawade

Agency report

The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned a man, Mike Obaze, before an Ikeja Special Offences Court for allegedly stealing N15.5 million proceeds from car sales.

Obaze, whose residential address was not provided, was arraigned on a three-count charge bordering on stealing, proffered against him by the EFCC.

The defendant, however, pleaded not guilty to the charge.

EFCC Counsel, Mr Ahmed Yerima, prayed the court for a trial date.

The defence counsel, Ms Nneka Nkana, informed the court of summon for bail application dated Feb. 13.

Nkana also told the court that the defence would call two witnesses.

Yerima, however, informed the court that he had just been served and he needed some time to go through it.

  • EFCC uncovers religious body laundering money for terrorists
  • EFCC issues alert on recruitment scam
  • EFCC boss urges operatives to follow rule of law

He also notified the court that the prosecution would call three witnesses against the defendant.

The prosecutor told the court that the defendant allegedly committed the offences in November and Dec.8 2021 in Lagos.

He submitted that the defendant allegedly converted the sum of seven million naira, proceeds from the sale of Mercedes Benz GL 12 Model, property of one Mr Anene Nwandukwe.

He also alleged that the defendant converted the sum of N8.5 million, proceeds from the purchase of Toyota Corolla 2015 Model and Toyota Camry 2011 Model, to his personal use.

According to the commission, the alleged offence contravenes Section of the Criminal Laws of Lagos State, 2015.

Justice Olubunmi Abike-Fadipe said in the interim, the defendant would be remanded at the correctional centre.

Abike-Fadipe, however, adjourned the case until Feb. 22 for hearing of bail application.


Nigeria Newspapers Telelgram
Nigerian Gospel Radio
Nigerian Gospel Radio

You may 've missed...

Shaibu being persuaded to drop petition against Edo CJ — Counsel

Former Edo State Deputy Governor, Philip Shaibu The impeached Deputy Governor of Edo State, Philip Shaibu, is being persuaded to drop his petition against the Chief Judge of the state, Justice Daniel Okungbowa. His lawyer, Andrew

Latest Updates

See More Stories Like This