Justice J.E Obanor of the Federal Capital Territory (FCT) High Court, Abuja, has ordered one Ifeanyi Israel to be remanded in prison custody for fraud.
A press statement by the EFCC Spokesperson, Wilson Uwujren, Thursday in Abuja, said Israel was arraigned by the Economic and Financial Crimes Commission (EFCC) alongside his company, UI Properties Limited, on one count charge bordering on dishonesty, breach of trust and conversion of funds to the tune of N132,503,000 belonging to his client, Dr. J.K. Okoye.
The charge read: “That you Ifeanyi Israel and UI Properties Ltd sometime in 2006 at Abuja within the jurisdiction of the Federal Capital Territory, being entrusted to collect and remit rent from tenants from 6 properties at Wuse Zone 6, Utako, Garki in Abuja, and Lekki Phase 1 in Lagos, by one Dr. J.K Okoye received a total sum of N132,503,000 from the tenants, dishonestly misappropriated the stated sum to your own use and thereby committed an offence contrary to Section 311 and punishable under Section 312 of the Penal Code Act, Laws of the Federation (Abuja), 1990.”
He said the suspect pleaded not guilty to the charge preferred against him and has been remanded at the Correctional Centre while the case was adjourned till June 29, and July 1 and 2, 2021 for commencement of trial.
