Standard Chartered Bank N223.8m Fraud: Court Adjourns Trial of Suspects Till Jan. 19

According to four count amended charge filed before the court by the Police legal team of E.A. Jackson, Henry Obiazi, and Justin Enang from the Legal Department of Police Special Fraud Unit 13, Milverton Road, Ikoyi Lagos, the four defendants Jeffery Akhimiem, George Emeka Nwachukwu, Oluchi Nwachukwu who have been arraigned before the court were alleged to have conspired amongst themselves to commit felony, to wit: obtaining the sum of N223,865,708.08 from the Aromire, Ikeja Lagos Branch of Standard Chartered Bank through its officers and thereby committed an offence contrary to section 8(a) of the Advance Fee Fraud and other fraud related offences Act 14 of 2006, but punishable under section 1(3) of the same Act.

The presiding Judge Peter Lifu admitted them to bail, having pleaded not guilty to the charge when they were arraigned.

The four count amended charge number FHC/L/172C/2022 dated 4th April 2022 filed before the court by the Police Legal team as stated: COUNT 1– That you, Jeffery Akhimien, George Emeka Nwachukwu, Oluchi Nwachukwu, and Others still at large, sometimes between January and December 2020 at Ikeja, Lagos State, within the jurisdiction of this Honourable Court, did conspire amongst yourselves to commit a felony, to wit: Obtaining the sum of N203,865,708.08 from Standard Chartered Bank Aromire Branch, Ikeja, Lagos, through its officers and staff and thereby committed an offence contrary to Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 of 2006, but punishable under Section I (3) of the same Act.

COUNT 2: That you, Jeffery Akhimien, George Emeka Nwachukwu, Oluchi Nwachukwu, and Others still at large, sometimes between January December, 2020, at Ikeja, Lagos within the jurisdiction of this Honourable Court did, by false pretence and with intent to defraud, obtained the sum of N203,865,708.08 from Standard Chartered Bank Nigeria Ltd, Aromire Branch, Ikeja, by falsely representing to the said Standard Chartered Bank, through its officers and staff that all members of staff of Systemtech Services Ltd, needed loans from Standard Chartered Bank and that the said staff authorized you to approach the Bank and negotiate for the loans on their behalf and that the salaries and grade levels of all the staff qualified them for the loans and that the loan was meant to assist them solve their individual financial needs and that they had the means, ability and capacity to pay back the loans as at when due, which representations you knew to be false or did not believe to be true or which you made recklessly, and thereby committed an offence contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 of 2006 but punishable under Section 1 (3) of the same Act.

COUNT 3: That you, Jeffery Akhimien, George Emeka Nwachukwu, Oluchi Nwachukwu, and others still at large, sometimes between January and December 2020 at Ikeja, Lagos State, within the jurisdiction of this Honourable Court did convert to your own use and benefit, the sum of N203,865,708.08 property of Standard Chartered Bank, Aromire Branch, Ikeja, Lagos, which sum you knew or reasonably ought to have known, was the proceed of an unlawful act, to wit: obtaining money by false pretences from Standard Chartered Bank Nigeria Ltd, Aromire Branch, Ikeja, Lagos, and thereby committed an offence, punishable under Section 15 (2)(b) of the Money Laundering (Prohibition) Act 2011 as Amended in 2012.