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Akwa Ibom couple, firm on trial for N450,000 fraud


A couple have been arraigned before Justice Archibong Archibong of Akwa Ibom State High Court for fraud, amounting to N450,000.

WuzupNigeria reports that Gabriel Ikpenwa and his wife, Lillian, were dragged before the court on Tuesday by the Economic and Financial Crimes Commission (EFCC) on two counts of conspiracy and obtaining money by false pretence.

The duo were arraigned alongside a cooperative society, Easycash Multipurpose, owned by the first accused Mr. Ikpenwa.

One of the charges against them read,

“That you, Gabriel Chizoba Ikpenwa “M”, Lillian Nkechi Ikpenwa “F” and Easycash Multipurpose Cooperative Society, sometime in 2013 at Uyo, within the jurisdiction of this honourable court, with intent to defraud, did obtain the sum of N450,000 only from one Maria Ebong Umana, under the pretence that if the said Maria Ebong Umana invested the sum of N450,000, she would gain interest of N67,000 monthly, the pretences you knew to be false, thereby committed an offence.”

The couple pleaded not guilty to the charges, upon which the prosecuting counsel, N. Ukoha, prayed the court for a trial date and for the defendants to be remanded in prison custody, while the defence counsel, C. I. Udoh, informed the court of a bail application for the second defendant, Mrs Ikpenwa, pending before the court.

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Though the prosecution opposed the bail application, Justice Archibong granted Mrs Ikpenwa bail in the sum of N1m with one surety in like sum.

The surety must swear to an affidavit of means and must reside within the jurisdiction of the court.

The judge said the surety must also produce evidence of ownership of landed property worth the bail sum and located within the jurisdiction of the court, and must make available, letter of identification from a prominent citizen of the state, working or doing business within the jurisdiction of the court, as well as a recent passport photograph.

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The judge adjourned the matter till December 9 and 10, 2020, for trial and ordered that the first defendant be remanded in EFCC custody, pending the hearing of his bail application.

The couple started their journey to the dock, when one Maria Ebong Umana, on February 22, 2018 petitioned the Uyo zonal office of the Commission, alleging that sometime in August 2013, the couple lured her into investing the sum of N450,000 in their cooperative society, on the promise that she was going to receive the sum of N67,500 on a monthly basis as interest on her invested capital.

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For five years, however, the defendants neither paid their victim the interest nor returned her capital.