2 men docked for impersonating bank directors

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7 years ago

FOR allegedly impersonating Directors of Main street Bank two men, Chester Ukandu and George Achi on Tuesday, arraigned before a Federal High Court in Lagos.

According to the Economic and Financial Crimes Commission (EFCC), both accused falsely portrayed themselves as Directors of Main street Bank Registrars Ltd, through a letter dated Feb 14.

According to the commission, the said letter was addressed to the Manager, Skye Bank Plc Illupeju with the Caption, “Appointment of New Signatories to the Account of Main street Bank Registrars LTD.”

The EFCC also alleged that the accused also falsely presented another letter to the Director General of the Securities and Exchange Commission Garki Abuja, with the caption “Notification about the change in the Board and Management of Main street Bank Registrars Ltd.

Both men, however, pleaded not guilty to the charge when they were arraigned before the court.

After their arraignment, the prosecutor, Mr Ayokunle Fayaju urged the court to remand the accused in custody pending trial.

He argued that this was considering the nature of the offense levied against the accused and their likelihood of jumping bail.

However, the defense Counsel, Mr Samuel Agwe, urged the court to grant the accused bail on liberal terms.

He said that the first accused was a reputable stakeholder in the Nigeria’s capital market and also the chairman of a Microfinance bank.

He also said that the second accused was a respected Nigerian citizen who will not jump bail, and urged the court to grant them favourable bail conditions.

In his ruling, Justice Mohammed Aikawa granted the accused bail in the sums of N20 million each, with one surety each in like sum.

The court held that the sureties must be owners of landed properties in Victoria Island, Ikoyi, Lekki or Ikeja areas of Lagos, who must deposit the original certificate of occupancy to the properties, to the Deputy Chief Registrar of the Court.

The Judge thereafter adjourned the matter till December 12 for trial.