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Lagos, NG
27th January 2023
LOCAL NEWS

N12million Scam: EFCC arraigns Insurance officer Nkechi Nwoke

N12million Scam: EFCC arraigns Insurance officer Nkechi Nwoke
N12million Scam: EFCC arraigns Insurance officer Nkechi Nwoke

One Nkechi Nwoke identified as an Insurance officer has been arraigned before Justice I.M Sani of the Federal High Court sitting in Port Harcourt, Rivers State for an alleged N12million naira fraud.

According to the statement made available by the Economic and Financial Crimes Commission, EFCC, Port Harcourt’s Zonal Office on Friday, May 31, 2019, Nkechi Nwoke was arraigned on a one-count charge bordering on stealing to the tune of N12, 000, 000 (Twelve Million Naira), punishable under Section 390 of the Criminal Code Act, Cap. C 38 of the Revised Edition (Laws of the Federation of Nigeria) 2007 read together with Section 1 (1)(b) of the Failed Banks (Recovery of Debt) and Financial Malpractice in Bank Act cap B3 of the Revised Edition (Laws of the Federation of Nigeria) 2007.

The count charge reads: “That you Nkechi Nwoke between the months of December, 2013 to August, 2014 at Port Harcourt, Rivers State within the jurisdiction of this Honourable court whilst you were a Staff of Mutual Benefit Life Assurance Policy stole the sum of N12,000,000 (Twelve Million Naira) only, property of one Austin Ihiamadu and thereby committed an offence punishable under Section 390 of the Criminal Code Act, Cap. C 38 of the Revised Edition (Laws of the Federation of Nigeria) 2007 read together with Section 1 (1)(b) of the Failed Banks (Recovery of Debt) and Financial Malpractice in Bank Act cap B3 of the Revised Edition (Laws of the Federation of Nigeria) 2007.

She pleaded not guilty to the charge.

In view of the defendant’s plea, the prosecution counsel, M.T. Iko prayed for a date for the commencement of trial. However, the defence counsel, N.D. Nweke orally applied for bail for his client and prayed for accelerated hearing of the case…

Justice Sani granted the defendant bail in the sum of N5, 000, 000 (Five Milion Naira (N5,000,000) only and one surety in like sum. The surety must reside within the jurisdiction of the court and must have a traceable and identifiable address.

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