Businessman Faces Criminal Charge

A Federal High Court in Lagos, southwest Nigeria, has adjourned till 14 December, 2011 for the trial of a Lagos businessman, Mbajunwa Emmanuel Okey, to commence.

Mbajunwa Emmanuel Okey was arraigned in court early this year on a three-count criminal charge of conspiracy, stealing and obtaining under false pretence.

In the charge number FHC/L/163C/2011 filed before the court by the police prosecuting counsel from Special Fraud Unit Milverton Road, Ikoyi, Lagos, southwest Nigeria, it was alleged that Mbajunwa Emmanuel Okey and Alex Okorofor, still at large, between December, 2009 and October, 2010 conspired to steal N125 million, property of Akaeze Venture Enterprises and thereby committed an offence contrary to and punishable under sections 516 and 390 (9) of the criminal code cap c 38 laws of the federation of Nigeria, 2004.

In the third count, the prosecutor alleged that the accused businessman and his co-conspirator who is now at large fraudulently obtained N125 million, property of Akaeze Ventures Enterprises under false pretence and thereby committed an offence punishable under section 1 (a) of the Advance Free Fraud and other related offences act laws of the Federation of Nigeria, 2006.

The accused businessman is currently on bail.