How First Nation MD provided forged document for N1.7bn loan – Polaris Bank tells court - Daily Post Nigeria

NAN reports that Ogo, a Legal Officer with Polaris Bank, formerly Skye Bank, testified at the beginning of the trial of Odukoya over alleged N1.7 billion theft.

“At the point of the first application for these facilities, the defendant undertook to avail the bank of some collateral. “Relying on same, the bank wrote to the Land Registry to confirm the registered number as furnished by the defendant and the bank received a response that the referred number does not exist in the record to the referred property.”

“The bank’s internal investigation in respect of that property showed that the registration number of that property was Page 5, Vol. 5 of 1011, which the first defendant had used as collateral. The witness said that the loans were granted to Odukoya because his application inferred some urgency for the funds to run the operations of First Nation Airway and Bellview Airlines.

The News Agency of Nigeria reports that the EFCC is alleging that Odukoya committed forgery, use of false document and perjury on March 21, 2013, in Lagos.

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