Indian Businessman Arraigned Over N13.8 Million Fraud


An Indian businessman, Patrick Fernadez, was yesterday arraigned before an Ikeja High Court by the Economic and Financial Crimes Commission, EFCC, for fraudulently obtaining phones valued at N13.8million and issuing dud cheque to owners.

According to the EFCC, Fernadez, committed the offence, between March 29 and April 1, 2012, in Ikeja by fraudulently obtaining different types of phone sets worth N13.8million. He then issued a dud cheque after collecting the goods and said that the money will be ready and be paid within one week.

EFCC, also alleged that Fernadez, on or about April 7, 2012, had issued a dud cheque of FCMB No. 10564279, in the sum of N8.150million, which when presented for payment was returned unpaid on the grounds of insufficient funds in the account.

According to EFCC, the offence is contrary to section 1(3) of the advanced fee fraud and other fraud related offences Act 14, 2006, issuance of dud cheque contrary to section 1(1) of dis-honoured cheques Act laws of Federation, of Nigeria 2004.

The defendant pleaded not guilty to all the charges proffered against him by the EFCC, and was granted bail by the presiding judge, Justice Adeniyi Onigbanjo, in the sum of N2million, with two sureties in like sum, adding that the defendant should release his international travelling documents to the commission.

The defendant was ordered to be remanded in Ikoyi prison custody, pending when he can perfect is bail application.

He adjourned the matter to September 17 and 19, for trial.

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