Court Remands Bureau De Change Operators Over N162m Fraud

Court Remands Bureau De Change Operators Over N162m Fraud
Justice (Professor) Chuka Obiozor, of a Federal High Court, on Tuesday, ordered the remand of one Uju Peace Izuogu, and Richard Owegie, who were arraigned before the court over alleged N162 million fraud, in prison custody pending when their bail application will be heard.

Uju and Richard alongside their company, Reoworld Enterprises Limited, were arraigned before the court by the anti-fraud unit of Nigeria Police Force, Special Fraud Unit (SFU), on charges bordering on conspiracy, false representation and fraud.

SFU in change number fHC/L/295c/17, alleged that the two accused person who operate as Bureau De Change Operators, between January and May, 2016, conspired among themselves and obtained the sum of N162 million for a lawyer, Nwosu Maduabuchi, under false representation that they had US Dollars equivalent for immediate sell and transfer for the lawyer’s clients in Dubai and China, for international business transaction.

The SFU also alleged that the second accused, Richard, aided the first accused, Uju, to obtained the said N162 million from the Complainant (Barrister Nwosu), who sourced the money from his different clients, and allow his Diamond Bank account to be used to receive and retain the money, and later diverted and disbursed it to third parties on the instructions of the first accused.

The offences, according to the prosecutor, Mr. E. A. Jackson, a Chief Superintendent of Police (CSP) are contrary to and punishable under sections 8(a) and 1(3), and 1(a) and 1(3) of the Advance Fee Fraud and other Fraud Related Offences Act No. 14 of 2014.

All the accused persons pleaded not guilty to the charges.

However, attempt by their lawyer, E. E. Okoli, to move their bail application hit the rock, as the presiding judge, ordered that the case file be returned to the administrative judge, ownjng the fact that vacation will end on n three days, and that he may not be able to adjucate on the bail application.

Consequently, the judge ordered that the first accused, Uju Peace Izuogu, be remanded at the female section of the Kirikiri Prison, and that second accused be remanded at Ikoyi Prison, pending the assignment of the case file to the substantive judge.