A 60-year-old man, Vincent Odionu was on Monday, 29th September, 2014, arraigned before Justice M.A. Onyetenu of the Federal High Court, Abakaliki, Ebonyi State, by the Economic and Financial Crimes Commission (EFCC), on a 2-count charge bordering on stealing, forgery and impersonation.
The accused person who is an agent to a brokerage firm, Lion Stockbrokers Limited, allegedly conspired with others to sell the shares of Onwubu Gibson Anake (deceased) in several blue chip companies: RT Briscoe, CFAO, Cement Company of Northern Nigeria, First Bank, Oando and Nigerian Breweries without authorisation.
The total value of the shares sold by the accused is put at N37.555 million.
One of the counts in the charge reads, ”That you Vincent Odionu sometime in March 2008, in Abakaliki, Ebonyi State within the jurisdiction of the Federal High Court of Nigeria with intent to defraud obtained the sum of N1.268 million by means of fraudulent encashment of GTBank Cheque belonging to Onwubu Gibson Anake issued by lion Stockbrokers Limited when you falsely represented yourself at Fidelity Bank as Onwubu Gibson Anake, which pretence you knew to be false and you thereby committed an offence contrary to Section 1 (1)(a) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the same Act”.
The accused pleaded not guilty to the charge.
The matter was adjourned to October 22, 2014 for consideration of bail application.