Justice Akintayo Aluko of a Federal High Court sitting in Lagos has issued a warrant for the arrest and extradition of three foreign nationals – Prem Garg, Devashish Garg and Marcus Wade – to enable them to stand trial in Nigeria over allegation of fraud amounting to $42,485,900.
According to the documents obtained by our correspondent, Ecobank opened letters of credit in the sum of $42,485,900m in favour of Wilben Trade Limited, Dubai for the importation of rice. In charge number FHC/L//562C/2022, dated October 7, 2022, before the Federal High Court, Lagos, the Attorney General of the Federation, Abubakar Malami, had in consideration of a police investigation report indicted Wilben Trade Limited Dubai, Marcus Wade and three others in a five counts charge of conspiracy, obtaining by false pretence, cheating and criminal conversion.
“Lagos within the Jurisdiction of this Honourable Court conspired between yourselves to commit an offence to wit: Cheating in that you caused Eco Bank Plc to deliver monies to the tune of $42,485,900m which was intended by contract for the purchase and import into Nigeria India parboiled rice but never utilized the sum of money for the contract and thereby committed an offence punishable under Section 421 of the Criminal Code Act, Cap, C38 Laws of the Federation of Nigeria, 2004.
Sources at the office of the AGF also revealed that Malami was fully prepared to ensure that the perpetrators of the fraudulent activities are brought to book in Nigeria. Impeccable sources informed our correspondent that the investigation was extended to the Law Union and Rock Insurance Plc, Nigerian Shippers Council and Nigerian Port Authority to verify the purported shipping documents forwarded by Wilben Trade Limited, Dubai and Marcus Wade to perpetrate the fraudulent scheme against Ecobank Nigeria Plc.
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