Ex-Air Nigeria Boss Docked Over N16m Fraud

Former Executive Director, (Finance), of Air Nigeria, John Nnorom and his company, Messrs. Cotrac Global Enterprises, have been arraigned at a Lagos Magistrate’s Court sitting at Tinubu over alleged conspiracy and fraudulent conversion of money.

In a two-count charge number F/31/12 filed before the court by police prosecutor, Effiong Asuquo, ASP, it was alleged that Messrs. Cotrac Global Enterprises, a Bureau De Change company and John Nnorom, 50, former executive director finance, Air Nigeria and the alter ego of Messrs. Global Enterprises and others now at large on or about March, 2012 in Lagos magisterial district with intent to defraud did fraudulently obtain the sum of $100,000 US dollars from Air Nigeria by falsely pretending that he was going to send the naira equivalent to Air Nigeria, a representation he knew to be false; and thereby committed an offence punishable under Section 312 (1) (2) (3) of the Criminal Laws of Lagos State, 2011.

The accused former director pleaded not guilty to the charge.

He was admitted to bail in the sum of N1 million with two sureties each in like sum.

The case was adjourned till 20 June, 2012 for trial.

—Akin Kuponiyi