The Economic and Financial Crimes Commission, EFCC, on Thursday, April 20, 2023, arraigned one Okolo Possible Ifeanyi alongside his company, Prako Associates Franchise Limited before Justice Darius Khobo of the Kaduna State High Court on one count charge bordering on issuance of dud cheque.
The charge reads, “”that you Prako Associates Franchise Limited and Okolo Possible Ifeanyi on or about the 28th day of December, 2021 at Kaduna within the Jurisdiction of this Honourable Court issued a First City Monument Bank PLC Cheque: 6268832017 dated 28th of December, 2021 in the sum of N 5,500,000.00( Five Million Five Hundred Thousand Naira only ) in favour of Victor Majekodunmi being a loan repayment which upon presentation to the bank was returned unpaid due to insufficient funds standing in your credit in the account and you thereby committed an offence contrary to Section 1(1) (a) (I) of the Dishonoured Cheque ( offences) Act Cap. D11 Laws of the Federation of Nigeria Vol.5, 2004”
He pleaded not guilty to the charge. In view of his plea, the prosecution counsel, N Sale urged the court to fix a date for the commencement of trial, while the defence counsel, I.O Ezengwa urged the court to admit his client to bail.
Justice Khobo granted the defendant bail in the sum of N 4,000,000 and reliable surety who must be resident in Kaduna State and owns a property in Kaduna.
The matter has been adjourned till June 22, 2023 for the commencement of trial.
Wilson Uwujaren
Head, Media & Publicity
21/04/2023
