N1.7bn fraud: Court remands First Nation Airlines MD

An Ikeja Special Offences Court has ordered the remand of the Managing Director of First Nation Airlines, Kayode Odukoya, over alleged theft of N1.7 billion.
Odukoya committed the offences of forgery, use of false document and perjury on March 21, 2013.

The Economic and Financial Crimes Commission (EFCC) alleged that the accused forged the Memorandum of Loss of Lagos State Certificate of Occupancy registered as No. 33 at page 33 volume 1011 at the Lagos State Land Registry, Alausa, Lagos, in order that the document should be acted upon as genuine.

The forged document was in respect of a property located at No. 29, Oduduwa St., Ikeja GRA, Lagos.

Odukoya is alleged by the EFCC to have used the false document, and also gave false information on oath, concerning the loss of the certificate of occupancy at the Lagos State Land Registry.
The anti-graft commission also said that on Oct. 7, 2016, Odukoya stole and dishonestly converted to his own use N1.7 billion belonging to Skye Bank.

The offences violate Sections 85, 86(1) 278(1)(b), 285, 361(1),(a) (b), 363 and 364(1) of the Criminal Law of Lagos State 2011.
Odukoya and his legal team had shunned his arraignment in court on three prior occasions.

Following Odukoya’s absence in court on March 9, Justice Dada rescheduled for April 9, for his arraignment, but Olukoya was brought to court earlier than scheduled by the EFCC.
Odukoya had pleaded not guilty to a four-count charge of forgery, use of false document, perjury and stealing.

First Nation and Bellview Airlines are joined in the suit as second and third defendants.

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