EFCC Arraigns Two Company Directors For N60m Fraud

The Economic and Financial Crimes Commission (EFCC) on November 14, 2018, arraigned Moses Mawo Esuga, Nasir Mohammed and Garana Travels & Tour Limited before Justice Valentine Ashi of a Federal Capital Territory, FCT High Court, Apo, on a nine-count charge bothering on felony, theft, diversion of funds and forgery to the tune of N60 million.

It was alleged that sometimes in July 2013, the duo through Garana Travels Tours Ltd conspired to divert to their personal use, the said sum belonging to Wise Health Services Limited. 

One of the charges reads: “That you Moses Mawo Esuga sometime in July 2013 at Abuja while being the Managing Director of Wise Health Services Ltd and in such capacity entrusted with dominion over certain properties to wit: N50,000,000 (Fifty Million Naira) being fixed deposit investment of the said Wise Health Ltd with Diamond Bank Plc for a tenor of 12 months at 8% interest rate, committed criminal breach of trust in respect of the said sum by diverting same as cash backed collateral to guarantee a N30,000,000 (Thirty Million Naira) loan in favour of Garana Travels & Tour Limited, which company you have interest and you thereby committed an offence punishable under Section 315 of the Penal Code Act Cap 532 Laws of the Federation of Nigeria 1990.”

Esuga and Mohammed, Managing Director of Garana Travel & Tours Limited, pleaded “not guilty” to the charges.

In view of their pleas, prosecuting counsel, Aliyu Bokani applied for a trial date and prayed the court for the defendants to be remanded in prison custody “due to the overstretched condition of the EFCC’s detention facilities”. 

Defence counsel, Ben Akpan, moved the motion for the bail application of the defendants, notifying the court that “a bail application has been prepared and served on the prosecution”.

Bokani, however, opposed the bail for application and urged the court to dismiss it. Thereafter,  
Justice Ashi adjourned to November 15, 2018 for hearing of bail application.


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