Court frees 2 Chinese nationals accused of N1.8bn fraud, share scam - Vanguard News Nigeria

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Court frees 2 Chinese nationals accused of N1.8bn fraud, share scam vanguardngr.com vanguardnews

—The Federal High Court sitting in Abuja, yesterday, discharged and acquitted two Chinese nationals, Hao Aijun and Lui Yangxi, who were accused of using forged documents to illegally re-allot shares of a Nigerian firm, BN Ceramics Nigeria Ltd.The defendants were in a charge filed by former Inspector General of Police, Mr. Ibrahim Idris, alleged to have illegally diverted over N1.8 billion from the firms account, after they used a bogus document to remove its chairman.

The prosecution maintained that the defendants committed criminal offences that were punishable under sections 468, 473 and 516 of the Criminal Code, Cap C38 LFN, 2004. “None of the Witnesses called by the Prosecution to wit: PW1, PW2 and PW5 were able to prove that there was a meeting of the mind or common intention to forge the Company’s resolution.

“I also hereby discharge and acquit the 3rd Defendant also on count 5 for the same reasons and add that the offence of uttering cannot be sustained when there is no forged document,” Justice Dimgba held.

 

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