back to top

Alleged N50m fraud: Court revokes Ex-Bank manager’s bail

A SPECIAL Offences Court sitting in Ikeja, Lagos, presided by Justice Mojisola Dada on Thursday, January 19, revoked the bail earlier granted to one Sydney Mmeka, a former Regional Manager, Access Bank Plc, over alleged N50 million fraud.

Mmeka is being prosecuted by the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC).

He is standing trial on five counts bordering on conspiracy, forgery, stealing, using false documents and fraudulent, false accounting, to which he pleaded “not guilty”.


READ ALSO:

EFCC opens bids for forfeited properties across the country

Three injured as explosion rocks APC rally in Port Harcourt

Court stops DSS, others from arresting INEC Chairman

Court declares Sani Abacha’s son Kano PDP guber candidate


Read Also:

This was disclosed in a statement today by EFCC Spokesperson Wilson Uwujaren.

According to the EFCC, Mmeka was accused of defrauding a hotelier, Babatunde Emmanuel, by fraudulently diverting the money in his account with the bank to these companies: Saviour Fair Montessori School, Dan Logistics Nigeria Limited, J.O. Universal Nigeria Concept Limited, Helem Global Logistics Limited, Sizu International Limited and Sydgold Investment Limited.

“In his earlier testimony, the victim had stated that he had no business whatsoever with the companies.

“I do not know these companies, neither have I ever dealt with them personally or otherwise.

“Further inquiry into the companies used to criminally steal the funds were found not to be registered in CAC, but they maintained accounts with Access Bank.”



During Thursday’s proceedings, the prosecuting counsel, Ayanfe Ogunsina, informed the court that one of the defendant’s sureties had told the EFCC that he wanted to withdraw.

Ayanfe also told the court that the surety further alerted the EFCC that the defendant had sold his assets as part of plans to flee the country.




     

     

    “The defendant had initially denied the claim by the surety that he had at no time made an attempt to escape jurisdiction and that it was only his wife that was travelling.

    “But we later found out that he had been issued a visa to the United Kingdom, which confirms the deposition of the surety,” Ayanfe said.

    Consequently, Justice Dada discharged the surety, who was in court and also revoked the bail earlier granted to the defendant.

    Read Also:

    The case has been adjourned till March 13, 2023, for continuation of trial.

    Bankole Abe

    A reporter with the ICIR
    A Journalist with a niche for quality and a promoter of good governance

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Support the ICIR

    We need your support to produce excellent journalism at all times.

    -Advertisement-

    Recent

    - Advertisement