• Contact Us
  • About Us
Wednesday, March 4, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

EFCC charges Globacom with $6.7m fraud

metro by metro
April 16, 2018
in News
0
0
SHARES
0
VIEWS

The Economic and Financial Crimes Commission has charged telecommunications company, Globacom Limited, before the Lagos State Special Offences Court in Ikeja for an alleged fraud of $6,786,674.61.

The firm was charged alongside its Indian Chief Marketing Officer, Ashok Israni, who was listed as the first defendant in the case.

Read Also

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

NGX Group Appoints Olaniyan as Group Chief Strategy Officer

Lagos Embarks In Traffic Diversion For Ikeja Road Reconstruction From March 6

The one count filed before Justice A.O. Williams against the defendants, read, “Ashok Israni and Globacom Limited, sometime in 2008 in Lagos, within the Ikeja Judicial Division, with intent to defraud, induced Emitac Mobile Solutions LLC, Dubai, United Arab Emirates to confer a benefit on you by permitting Emitac Mobile Solutions LLC to provide you with Blackberry solutions services, valued at USD 6,786,674.64 on the understanding that the benefit will be paid for, which pretence you knew to be false.”

The prosecuting counsel for the EFCC, Mr. A.B.C. Ozioko, who signed the charge sheet, claimed that the firm and Israni acted contrary to Section 1(2)(3) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 of 2006.

However, when the case was called in court on Monday, the defendants were not in court.

The prosecutor, Ozioko, said the EFCC was making efforts to produce Israni, who had been granted an administrative bail by the anti-graft agency.

“My lord, we are sorry we are not able to produce the defendants.

“As part of efforts to ensure that trial commences, we brought the complainants all the way from Dubai.

“We have no choice but to seek a date for arraignment,” he said.

In the circumstance, Justice Williams adjourned the case till May 15, 2018 for the arraignment of the defendants.

Source: punch

Tags: EFCC charges Globacom
Previous Post

Oando’s shares rise to 8-month high

Next Post

U.S. bans American companies from selling to China’s ZTE

Related Posts

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts
News

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

March 3, 2026
News

NGX Group Appoints Olaniyan as Group Chief Strategy Officer

March 2, 2026
Nigeria’s Inflation Nears Two-Decade Record High At 20.52% As Food Prices Soar
News

Lagos Embarks In Traffic Diversion For Ikeja Road Reconstruction From March 6

March 2, 2026
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
News

US Announces First Casualties In Iran War, Poll Signals Challenge For Trump

March 2, 2026
Next Post

U.S. bans American companies from selling to China's ZTE

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

March 3, 2026
Middle East Crisis Takes Toll On Nigerians As Dangote, Fuel Stations Increase Prices Of Petroleum Products

Middle East Crisis Takes Toll On Nigerians As Dangote, Fuel Stations Increase Prices Of Petroleum Products

March 3, 2026

Flocash and Quest Financial Services Partner to Launch Revolutionary Prepaid Visa Card in Zimbabwe

March 3, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version