Court declines to discharge Ecobank staff of N1m theft charge

Magistrate F. O. Ikobayo (Mrs) of a Lagos Chief Magistrate’s Court, Ebute-Metta, Lagos, has rejected an application to discharge a staff of Ecobank Plc, Oniegho-Areh Thomson, of charges of conspiracy and stealing of N1 million leveled against him by the Police. Magistrate Ikobayo turned down the application to discharge the banker made by his lawyer, Mr. Oluseyi Olukoga. Oniegho-Areh, who works with the Apapa branch of the bank, is facing two count charge of conspiracy and alleged stealing of N1 million, belonging to Dr. Majaron Stanley. The banker and others…

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Firm drags Portuguese’ MD, others before EFCC over alleged N80m fraud

A Nigerian firm, Nigerian Ropes Plc, has petitioned the Economic and Financial Crimes Commission (EFCC) over multi-million fraud, allegedly perpetrated by its former managing director, Mr. Joao Mario Carradinha, a Portuguese, and its three former officials. The three officials as listed in the petition dated October 22, 2019, and received by the anti-graft agency on October 23, 2019, are: Ayodeji Balogun, Chimaroke Aloa and Mobolaji Olawoye. Nigerian Ropes Plc petition captioned: “petition against those listed above for acts of money laundering, criminal breach of trust and embezzlement of company funds…

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