Saturday, April 20, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Court acquits Oronsaye of ‘N2b fraud’ charges

Court acquits Oronsaye of ‘N2b fraud’ charges
June 05
15:02 2023

A federal high court in Abuja has discharged and acquitted Stephen Oronsaye, former head of service of the federation, of the N2 billion fraud charge levelled against him by the Economic and Financial Crimes Commission (EFCC).

According to NAN, Justice Inyang Ekwo held that the prosecution failed to provide enough evidence to warrant Oronsaye’s conviction.

Oronsaye was arraigned alongside Osarenkhoe Afe, managing director of Fedrick Hamilton Global Services Limited, on a 49-count charge.

The charges were, however, reduced to 22.

Advertisement

Three companies — Cluster Logistic Limited, Kangolo Dynamic Cleaning Limited, and Drew Investment & Construction Company Limited–were also joined in the charge preferred against Oronsaye by the Economic and Financial Crimes Commission.

The EFCC alleged that between 2010 and 2011, the defendants had used the firms to divert public funds.

Adopting his final address at the court session on January 19, Oronsaye, through his counsel, Ade Okeanya-inneh, had asked the court to dismiss the charge against him.

Advertisement

He submitted that the EFCC had failed to show sufficient evidence to support its case.

However, the EFCC, represented by Oluwaleke Atolagbe, requested that the defendants be found guilty based on the testimony of 21 witnesses.

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.