EFCC arraigns two for N55million fraud

The Economic and Financial Crimes Commission,
EFCC, on Thursday, February 9, 2017 arraigned
the duo of Usman Liman and Sanusi Mohammed
before Justice A.A Aderemi of the Oyo State High
Court Ibadan, on an 8-count charge bordering on
conspiracy, forgery and stealing of
N55,104,579.84 (Fifty Five Million One Hundred
and Four Thousand, Five Hundred and Seventy
Nine Naira, Eighty Four Kobo)
The accuse persons, however pleaded not guilty to the charges.
Justice Aderemi granted the accused bail in the sum of two hundred thousand Naira only with two sureties each in like sum.
The sureties must be civil servants working in
Oyo State, not below grade level 10, and must
have landed properties in Oyo State and depose
to an affidavit of means. They are also to report every first Monday of each month at the
Economic and Financial Crimes Commission (EFCC) office, in Kano pending the determination of the matter. One of the count reads:

“That you, Usman Liman and Sanusi
Mohammed on or about January, 2013 at
Ibadan within the Ibadan Judicial Division
of this Honourable Court, with intent to
defraud, stole and fraudulently converted
346 (Three Hundred and Forty Six) units of
Qinqoi (QM125-4) Motorcycles valued at
N48,440,000.00 (Forty Eight Million Four
Hundred and Forty Naira) which you obtained from Rola Enterprises Limited, the
Motorcycles meant for distribution on loan to members of Non-Academic Staff Union Multi-purpose Co-operative Society of
Federal College of Education (Technical)
Gusau.”

Usman and Mohammed’s journey to the dock
followed a petition to the EFCC alleging that
sometime in November 2012 the duo approached
Rola Enterprise Limited, a company that deals in
various brands of motorcycles and 3-wheelers, at
Ibadan, that they needed 500 units of qinqoi
(QM125-4) Motorcycles on credit for members of
their Co-operative Society at the Federal College
of Education, Technical, Gusau, Zamfara State.

The company informed the duo that for a supply
of such magnitude, appropriate documentation
was necessary. The duo allegedly presented forged documents to secure a deal and diverted the 346 motorcycles to their personal use.

Justice Aderemi adjourned the matter to March
27 and 28, 2017 for the commenceme