Skip to content
August 15, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Court told how First Bank staff, others cloned cheque to defraud FG of N84m
  • National News

Court told how First Bank staff, others cloned cheque to defraud FG of N84m

Admin May 20, 2017

The trial of Johnson Kolawole, a staff of the Office of the Accountant-General of the Federation (OAGF), Ayodele O. Omolayo, Head of Operations, First Bank Plc, Ikorodu Branch, and one Adeniji Bisiru Adekunle, continued recently  before Honourable Justice Uthman Musa of High Court 18 of the Federal Capital Territory (FCT) sitting in Jabi, Abuja.

The accused persons are facing prosecution by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for criminal conspiracy, abuse of office and use of forged documents.

The defendants had been arraigned on 11 counts in a charge No: FCT/HC/CR/18/2008 for furnishing a false return to the Office of the Accountant-General of the Federation (AGF) by concealing the receipt of a Central Bank of Nigeria (CBN) cheque No: 00001902 and a Zenith Bank cheque No: 0000468 issued by the National Population Commission for unspent funds for the year 2007 which were to be paid back to the Federation account, and cloning as well as clearing the said cheques to defraud the Federal Government of the sum of N84,499,636.99.

They were accused of withdrawing various sums of money at different times and purchasing 11,800 bags of rice from Olam Nigeria Limited with the cloned cheques.

Two witnesses, referred to as Prosecution Witness 7 and 8 (PW 7 & 8), gave testimonies as trial resumed on the matter. PW8 was led in evidence via examination-in-chief by ICPC’s counsel, John Paul Okwor, while PW 7 gave his evidence when he was being cross-examined by the defence lawyer, Mr. A.O. Amao.

The testimonies of the witnesses corroborated the allegations in the charge that the money was stolen in tranches using the CBN and Zenith Bank cloned cheques issued by the National Population Commission in favour of the Sub-Treasurer of the Federation.

The accused persons’ actions are contrary to sections 13, 16, 17, 24, 26 and punishable under sections 13, 16, 17, 19, 24 and 68 of the Corrupt Practices and Other Related Offences Act, 2000.They had pleaded not guilty to all the charges preferred against them and that set the tone for the trial to commence.

After the testimonies of the witnesses, the trial judge adjourned the case to 26th June, 2017 for cross-examination of PW8 by the defence counsel.

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Court orders final forfeiture of N449m to government, respondent ‘no show’ in court
Next Hunting the hunter: Gunmen rob busload of policemen in Mexico

Related Stories

Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator
  • National News

Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator

August 14, 2026
Kebbi: Sharia court remands 29-year-old for alleged desecration of Holy Qur’an schools
  • National News

Kebbi: Sharia court remands 29-year-old for alleged desecration of Holy Qur’an

August 14, 2026
737,073 displaced in Northwest, 74% lack shelter – IOM federal government
  • National News

737,073 displaced in Northwest, 74% lack shelter – IOM

August 14, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NPFL–Murphy Ben International Deal: Meet The YouTube Powerhouse Behind The Partnership
  • Sports

NPFL–Murphy Ben International Deal: Meet The YouTube Powerhouse Behind The Partnership

August 15, 2026
Oil climbs over $1 on tanker attacks, no progress on peace reserves crude oil
  • Business & Economy

Oil climbs over $1 on tanker attacks, no progress on peace

August 14, 2026
Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator
  • National News

Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator

August 14, 2026
NUPRC Proposes Domestic Crude & Gas Swap to Boost Supply, Cut Costs PIA
  • Business & Economy

NUPRC Proposes Domestic Crude & Gas Swap to Boost Supply, Cut Costs

August 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.