Nwankwo of the State High Court sitting in Abakiliki, Ebonyi State on a two-count charge bordering on issuance of dud cheque to the tune of N5.5million (Five Million Five Hundred Thousand Naira).
Amaka Emeh allegedly defrauded Munak Microfinance Bank, after obtaining a loan facility of N5.5million to pay her staff salaries, while awaiting the monthly allocation from the state government. She is also alleged to have conspired with the two other accused persons to open an account for the Centre with another bank.
When the management of Munak
requested her to pay back the loan obtained from the bank, the accused
person issued a cheque for N5.5m, which was not cleared due to
insufficient fund in her account.
One of the counts reads: "That you,
Ishielu West Development Centre, Amaka Emeh (being coordinator Ishielu
West Development Centre), Oko Emannuel (being Finance Officer, Ishielu
West Development Centre) and Ugwuoke Paul (being Admin Officer, Ishielu
West Development Centre) on or about the 30th
June, 2012 at Abakiliki within the jurisdiction of the High Court of
Ebonyi State, issued a United Bank for Africa (U B A) cheque No.
37407401 dated the 30th /6/2012 with the face value of
(N5,500,000.00) Five Million Five Hundred Thousand Naira only) to
Mornarch Microfinance Bank, the said cheque when presented for payment
within three months was dishonoured on the grounds of insufficient fund
standing to the credit of Account upon which it was drawn and you
thereby committed an offence contrary to section 1(1)(b) of the
Dishonoured Cheque (Offences)Act Cap D11 Laws of the Federation 2004
and Punishable under section 1(1)(b)(i)(ii) of the same Act."
When the charges were read to the accused persons, they pleaded not guilty.
In view of their pleas, the
prosecution counsel, Ajobiewe E. Rotimi, applied for the prosecution to
open his case. The second accused person, Emeh, was ordered to be
remanded in prison custody. Counsel for the 3rd and 4th accused persons, Fryde Edore Akpor and O. Okorie, urged the court to grant their clients bail on liberal terms.
Consequently, Justice Nwankwo
granted bail to the third and forth accused persons in the sum
N5million each and one surety each in like sum. Each surety must own a
landed property within Abakiliki, with evidence of Certificate of
Occupancy, which must be submitted to the court registrar and must also
submit a recent passport photograph. The case was adjourned to March
14, 15 and 16.
Source: EFCC
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