Publisher Remanded In Prison For Issuing Dud Cheques

Must Read

Coronavirus: Buhari Approves Recruitment Of 774,000 Nigerians

President Muhammadu Buhari has approved the engagement of 774, 000 Nigerians on a Special Public Works programme in the...

COVID-19: Chinese Doctors Will Be Quarantined On Arrival – Gbajabiamila

Speaker of the House of Representatives, Femi Gbajabiamila has revealed their resolve on how the Chinese doctors and nurses...

Buhari Orders Distribution Of 150 Trucks Of Rice To Nigerians

Zainab Ahmed, Minister of Finance, Budget and Planning says President Muhammadu Buhari has ordered distribution of 150 trucks of...

PDP Slams FG Over Fake N500bn Social Intervention Fund

The Peoples Democratic Party has described the All Progressive Congress-led government N500 billion social intervention fund to cushion the...

385 Americans Evacuated In Nigeria Over COVID-19

The United States of America has evacuated 385 nationals from Nigeria over the Coronavirus pandemic.The United States becomes the...

prison-cell

A publisher, Tony Iwena, has been remanded in Kirikiri Prisons, Lagos, by an Ikeja High Court, for allegedly issuing dud cheques to the tune of N13.05 million.

Justice Olutoyin Ipaye, Thursday, ordered that 53-year-old Iwena should be kept behind bars pending the determination of his bail application fixed for 11 November.

Iwena, who lives at 1, Otuyelu St., Oke-Ira in Ogba, Lagos, is being tried on a three-count charge bordering on fraud and issuance of dud cheques by the Economic and Financial Crimes Commission (EFCC).

The News Agency of Nigeria (NAN) reports that the accused, who entered a plea of not guilty, is charged alongside his company — Tonad Publishing Ltd.

Counsel to the EFCC, Mr M.K. Bashir, alleged that the accused committed the offences sometime between October 14 and 21, 2010 at Mushin.

He said Iwena issued three Union Bank cheques for the sum of N13.05 million in favour of Star Chem Industries Ltd.

The cheques were dishonoured on presentation at the bank, Bashir told the court.

He said the offences contravened Section 1(1) of the Dishonoured Cheques (Offences) Act, Laws of the Federation, 2004.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -