Alleged N1.7bn Theft: First Nation Airlines Chief Granted Bail

Justice Mojisola Dada, on Monday granted bail to the Managing Director (MD) of First Nation Airlines, Kayode Odukoya.
The trial Judge of the Ikeja Special Offences Court, arrived at the decision after entertaining arguments from parties in the matter.
The Judge granted bail to the aviation chief in the sum of N10m and two sureties in like sum.
Furthermore, Justice Dada directed Odukoya to produce two sureties who are land owners in Lagos State and must deposit title documents with the court and tax clearance for three years.
He court also granted him bail on the condition that he should deposit his international passport with the registrar of the court.
Justice Dada also held that Odukoya has two weeks to perfect the bail condition granted him, failure of which the defendant will be remanded in prison custody.
It would be recalled that the Economic and Financial Crimes Commission (EFCC) had arraigned Odukoya over allegation of forgery and theft.
Odukoya was docked before Justice Dada, alongside First Nation Airlines and Bellview Airlines.
The First Nation Airlines boss who had earlier failed to appear before the Judge on three different times was eventually brought to the court by the Commission after being detained when he reported at the EFCC office on March 13, 2018.
Odukoya was arraigned before Justice Dada on a four-count charge that borders on theft to the tune of N1.7bn and forgery of Certificate of Occupancy issued by the Lagos State Government.
The anti-graft agency also alleged that Odukoya forged the Memorandum of Loss of Lagos State Certificate of Occupancy registered as No. 33 at page 33 volume 1011 at the Lagos State Land Registry, Alausa, Lagos, so that the document can be acted upon as genuine and that the forged document was in respect of a property located at No. 29, Oduduwa St., Ikeja GRA, Lagos.
He was accused by the EFCC of using the said forged document and equally gave false information on oath concerning the loss of the Certificate of Occupancy at the Lagos State Land Registry.
It was also the argument of the EFCC that on October 7, 2016, Odukoya allegedly stole and dishonestly converted to his own use the sum of N1.7bn owned by Skye Bank, contrary to Sections 85, 86(1) 278(1)(b), 285, 361(1),(a) (b), 363 and 364(1) of the Criminal Law of Lagos State 2011.
Trial has been adjourned until May 7 and 10, 2018.

Author: News Editor

9864 stories / Browse all stories

Related Stories »

Provide your email below, and we will notify you the latest news freely.


calendar »

March 2018
« Feb   Apr »