The Economic and Financial Crimes Commission, EFCC, on Thursday, brought a Chinese, Zhengjia Jin, before an Ikeja Special Offences Court, for alleged bribery and N301 million fraud.
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Jin was arraigned on a four-count charge bordering on retention of stolen property, bribery and stealing.
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The EFCC Counsel, Ahmad Usman, told the court that the defendant allegedly committed the offences between March 5 and Aug. 9 in Lagos.
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He alleged that the defendant dishonestly retained an aggregate sum of N301 million in his account number- 1861390260 domiciled in Access Bank, which belonged to Golden Diamond Industrial Manufacturing Company Ltd.
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The prosecutor submitted that the defendant while working at the company, accepted directly into his bank account the said money as kickbacks from vendors, thereby conferring undue advantage for himself.
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The prosecutor said the defendant’s action was contrary to the company’s employee condition of service.
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The anti-graft agency also stated that the defendant dishonestly converted the N301 million to his personal use.
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According to the EFCC, the offences contravene Sections 83, 328, Criminal Law of Lagos State, 2011 and Sections 280 (2) and 287 of the Criminal Law of Lagos State, 2015.
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The defendant, however, pleaded not guilty to the charges.
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The Defence Counsel, A.C. Ezenduka informed the court of a bail application.
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Counsel to EFCC, however, told the court that the prosecution had not been served.
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Justice Rahman Oshodi, remanded the defendant at Ikoyi Custodial Centre, pending hearing of his bail application.
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Oshodi adjourned the case until Nov. 22 for a hearing of the bail application.
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