EFCC Arraigns Business Man Over N8.9m Dud Cheque
The Nigeria Economic and Financial Crimes Commission, EFCC on Wednesday arraigned one Mr. Polycarp Obiefuna and his Company, Mopol Enterprises Nigeria before Justice M.N.O. Okonkwor of Anambra State High Court, Onitsha, on a two – count charge bordering on issuance of Dud Cheque in the sum of N8,980,000.00 ( Eight Million, Nine Hundred and Eighty Thousand Naira) and stealing the sum of N755,000.00. (Seven Hundred and Fifty Five Thousand Naira)
Obiefuna, a business man who deals in building materials, according to EFCC spokesman, Wilson Uwujaren, was said to have entered into an agreement with the complainant for the supply of building materials worth over N8million from a foreign firm with a promise to pay as soon as they were supplied.
The materials were eventually supplied but he issued several cheques which when presented were returned unpaid due to insufficient funds.
When the charge was read. he pleaded ‘not guilty’, prompting the prosecution counsel, Ani Michael to apply for trial date.
The defence counsel, Frank Nwankwo, on his part, applied for his client’s bail which the court granted.
Justice Okonkwor granted the accused bail in the sum of N500,000 with one surety in like sum, adding that the surety must swear to an affidavit of means and must live within the jurisdiction of the court.
The case was adjourned to 18 June, 2018 for trial.