Alleged N3.6bn fraud: Court to resume trial of ex-NDDC boss Dec 17

A Federal High Court in Lagos State will on December 17 resume the trial of a former Director of the Niger Delta Development Commission (NDDC), Tuoyo Omatsuli charged with N3.6 billion fraud.

Omatsuli is charged alongside Don Parker Properties Ltd, Francis Momoh and Building Associates Ltd, as second, third and fourth defendants respectively.

They were arraigned on a 45-count charge bordering on corruption, fraud and money laundering.

They pleaded not guilty to all the counts and were granted bail in the sum of N100 million each with two sureties each in like sum.

The prosecution has called 10 witnesses to testify for it.

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The suit was scheduled for the continuation of trial on November 26 but was adjourned due to the absence of the judge, who is away on a conference.

According to the charge, the defendants committed the offences between August 2014 and September 2015.

Omatsuli was said to have procured the third and fourth defendant (Momoh and Building Associates) to utilise a total sum of N3.6 billion paid by Starline Consultancy Services Ltd. into an account operated by Building Associates.

The prosecution said that the defendants ought to have known that the sums formed part of proceeds of unlawful activities, including corruption and gratification.

The News Agency of Nigeria (NAN) reports that the alleged offences contravene the provisions of Sections 15(1), 15(2), 15(3) and 18 of the Money Laundering (Prohibition) Act, 2011, as amended by Act No 1 of 2012.

(NAN)