Metro
EFCC arraigns Chinese for alleged N301m fraud
The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned a Chinese, Zhengjia Jin, at the Lagos Special Offences Court, Ikeja, for alleged bribery and N301 million fraud.
Jin was arraigned on a four-count charge bordering on retention of stolen property, bribery and stealing.
The EFCC counsel, Mr. Ahmad Usman, told the court that the defendant allegedly committed the offences between March 5 and August 9 in Lagos.
He alleged that the defendant dishonestly retained an aggregate sum of N301 million which belonged to Golden Diamond Industrial Manufacturing Company Limited in his account number- 1861390260 domiciled in Access Bank.
The prosecutor submitted that the defendant while working at the company, accepted directly into his bank account the money as kickbacks from vendors, thereby conferring undue advantage for himself.
READ ALSO: EFCC arraigns man for alleged N600m, $50,000 investment fraud in Lagos
Usman added that the defendant’s action was contrary to the company’s condition of service.
He stressed that the offences contravened Sections 83, 328, Criminal Law of Lagos State, 2011 and Sections 280 (2) and 287 of the Criminal Law of Lagos State, 2015.
The defendant, however, pleaded not guilty to the charge.
The defence counsel, Mr. A.C. Ezenduka informed the court of a bail application.
The EFCC counsel, however, told the court that the prosecution had not been served.
Justice Rahman Oshodi remanded the defendant at the Ikoyi Custodial Centre pending the hearing of his bail application.
He adjourned the case till November 22 for hearing of the bail application.
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