Alleged N7.5bn Fraud: After 12 years of trial, Court set for judgement in Kalu's case

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The Federal High Court in Lagos on Tuesday fixed December 2 to deliver judgement in the trial of former governor of Abia state, Orji Uzor Kalu, and two...

The Federal High Court in Lagos on Tuesday fixed December 2 to deliver judgement in the trial of former governor of Abia state, Orji Uzor Kalu, and two others for an alleged fraud of N7.65billion.

In one of the counts, the EFCC alleged that Mr Kalu, who was Abia State Governor between 1999 and 2007, “did procure Slok Nigeria Limited – a company solely owned by you and members of your family – to retain in its account, domiciled with the then Inland Bank Plc, Apapa branch, Lagos, an aggregate sum of N7,197,871,208.7 on your behalf.”

Apart from the N7.1billion, which he was accused of laundering, the ex-governor and the other defendants were also accused of receiving a total of N460million allegedly stolen from the Abia State Government treasury between July and December 2002.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is Darius, and Iyame having a colleague soon?

...and in the midst of all this, the man ran for and won a seat (under the APC) in the Nigerian Senate. What a country!😕

Celebrated thieves

12yearsßssssssssssssss

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: N7.65bn fraud: Kalu knows fate Dec 2The Federal High Court in Lagos has fixed December 2, 2019 for judgment in the trial of a former Asia State Governor, Orji Uzor Kalu, and two others...
Source: TheNationNews - 🏆 6. / 69 Read more »

Alleged N978.4m oil fraud: Court fixes October 28 for trial – Daily TrustA Lagos High Court sitting at Igbosere yesterday fixed October 28, 2019 for the trial of the Managing Director of Nadabo Energy Oil and Gas Limited, Mr Abubakar Ali Peters, in a N978.4 million fraud case that the Economic and Financial Crimes Commission (EFCC) preferred against him. Justice Christopher Balogun admitted Peters to bail of …
Source: Daily Trust - 🏆 13. / 51 Read more »

Alleged N2.5bn NBC fraud: Produce Lai Mohammed, court tells ICPC – Daily TrustA Federal High Court in Abuja yesterday gave a final warning to the Independent Corrupt Practices Commission to produce the Minister of Information, Lai Mohammed, as a witness in the ongoing trial of the Director-General of the National Broadcasting Commission , Ishaq Modibbo Kawu and two others alleged to have misappropriated the N2.5billion meant for … The rule of law must be obeyed by all, nobody is above the law, whatever position one occupies is immaterial.
Source: Daily Trust - 🏆 13. / 51 Read more »

Court Varies Sowore's Bail Conditions in Alleged Treasonable Felony Charges - THISDAYLIVEBy Alex Enumah Justice Ijeoma Ojukwu of the Federal High Court on Monday reviewed the bail conditions granted to detained convener of Revolution Now protest, Omoyele Sowore, in his alleged treasonable felony charges. The review was sequel to an application by Sowore praying the court to vary his bail conditions on accounts of his inability …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Teenager, 25 others in court over alleged riot in LagosA 17-year-old boy and 25 men were on Monday dragged before an Ebute Meta Chief Magistrates‘ Court in Lagos State over alleged participation in a violent protest and causing a breach of peace at Iti...
Source: MobilePunch - 🏆 8. / 63 Read more »