ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

Court fixes May 12 for hearing of Application in alleged N19bn fraud case

by Usman Kadri
March 27, 2025
Reading Time: 2 mins read
Court fixes May 12 for hearing of Application in alleged N19bn fraud case
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

A Federal High Court in Lagos, will hear arguments on the priority of applications on May 12, 2025, in a suit filed by the Attorney General of the Federation over the alleged conversion of approximately N19 bn against a new generation bank and three others.

At the resumed hearing of the matter on Thursday, the counsel to the first and fourth defendants, Femi Falana (SAN), informed the court that they had preliminary objection applications and that it had been served on the prosecution.

But Prosecution counsel Chelsasy Emezina objected to hearing the preliminary objection, saying that it was not ripe for hearing.

RELATED STORIES

Court Orders Final Forfeit 20 'Stolen' Cars From Canada

Court gives nod to advertise exploration firm’s winding-up over ₦10.06bn, $36.49m debt

July 29, 2025
Top 30 nominees emerge for 2025 JCI Ten Outstanding Young Persons of Nigeria Program

Top 30 nominees emerge for 2025 JCI Ten Outstanding Young Persons of Nigeria Program

July 29, 2025

She stated that the law provides that the defendants shall be arraigned first before any application can be taken.

Emezina cited decided authorities, including the decision on Onnoghen and Sections 221, 396 (1)and 382 (5) of the administration of the Criminal Justice Act.

“My lord will not hear the motion until the defendants submit themselves to the authority of this court,” she said

However, Justice Ambrose Lewis-Allagoa cautioned the prosecutor about her line of argument.

Justice Allagoa drew the prosecutor’s attention to the difference between challenging the jurisdiction and that of a defective charge.

Consequently, the judge ordered both parties to file their processes on the priority of the application to be taken first.

The defendants in the suit are; the Bank, its Managing Director, Victor Ukutt, a lawyer, and Whoba Ugwunna Ogo (who is currently at large).

The Federal Government, in the suit marked FHC/L/138C/2025, filed eight counts of the alleged conspiracy, conversion, obtaining by false pretences, forgery, fraud, and money laundering against the defendants.

They were accused of conspiring between 2011 and 2023 to fraudulently convert about N19 bn from Woobs Resources Limited’s account with the bank.

The government claimed that the money was unlawfully obtained through theft and fraud.

The alleged offences violate sections of the Money Laundering (Prohibition) Act, 2011 (as amended).

On the last adjourned date, Emezina informed the court that the case was scheduled for arraignment and that all the defendants have been served with the charge and hearing notices except the 4th defendant (Whoba Ugwunna Ogo), who has not been served with the charge hearing notice.

The prosecutor requested a bench warrant to be issued on (Whoba Ugwunna Ogo), in accordance with Section 113 of the Administration of Criminal Justice Act, 2023.

However, Falana opposed this, arguing that the court lacked jurisdiction to entertain the charge, claiming the case was an abuse of court process.

He noted that the matter involved alleged theft from a company, which was already under consideration by the Court of Appeal.

Falana also pointed out that the fourth defendant, Whoba Ugwunna Ogo, was abroad for medical treatment and had not been served with the charge.

The defendants have filed a motion under Section 305(1)(A) of the Administration of Criminal Justice Act, 2015, and Sections 6(A) & (B) and 295 of the Constitution, requesting that the court dismiss the charge due to lack of jurisdiction and abuse of process.

They also sought a stay of proceedings, pending the resolution of a dispute over the ownership of shares in Woobs Resources Limited, which is currently before the Court of Appeal in Suit No. CA/L/343/2020.

The defendants argued that the charges arose from a dispute about the ownership of shares in Woobs Resources Limited stemming from a Joint Venture Agreement involving the fourth defendant, Whoba Ugwunna Ogo, and the nominal complainant, Mr James Onyemenam.

Next Post
Ajimobi’s eldest daughter, Bisola Ajimobi Kola-Daisi, is dead

Ajimobi’s eldest daughter, Bisola Ajimobi Kola-Daisi, is dead

More Articles...

Court Orders Final Forfeit 20 'Stolen' Cars From Canada

Court gives nod to advertise exploration firm’s winding-up over ₦10.06bn, $36.49m debt

July 29, 2025
With giants campaign, FirstBank is truly woven into the fabric of society 

FirstBank retains top spot as Nigeria’s Best Bank for ESG At 2025 Euromoney Awards

July 29, 2025
Top 30 nominees emerge for 2025 JCI Ten Outstanding Young Persons of Nigeria Program

Top 30 nominees emerge for 2025 JCI Ten Outstanding Young Persons of Nigeria Program

July 29, 2025
APC chairmanship: I can never work against Buhari - Sheriff steps down

2027: Peter Obi set to return to PDP for presidential ticket –Modu Sheriff

July 29, 2025
Union Bank’s Union Cares Initiative celebrates academic excellence at Pacelli School for the visually impaired graduation

Union Bank’s Union Cares Initiative celebrates academic excellence at Pacelli School for the visually impaired graduation

July 29, 2025
CREDICORP empowers Ikorodu with tricycle distribution to members of the TOAN, Lagos branch

CREDICORP empowers Ikorodu with tricycle distribution to members of the TOAN, Lagos branch

July 28, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport