By Abdallah el-Kurebe, Editor
The Economic and Financial Crimes Commission, EFCC, has arraigned Valentine Nnadozie and Archangel Global Services Limited before Justice M.B. Idris of the Nyanya High Court, Abuja on a one-count charge bordering on criminal breach of trust contrary to section 312 of the Penal Code.
A statement by the Acting Head, Media & Publicity, Tony Orilade said Nnadozie is alleged to have between February and April 2017 defrauded George Seaman of Frame Highway Company Limited in a business deal worth N16.8 million involving the supply of 3,000 tonnes of stone base.
“The deal was breached, as Nnadozie despite collecting the money, neither made the supplies, nor made a refund.
“Rather than honour the terms of the contract, Nnadozie instead, supplied only 480 tonnes of stone base at N2.4 million. He allegedly “dishonestly converted the sum of N14, 400, 000 to your personal use in violation of the Legal Contract between you and Frame Highway Company Limited,” the statement read.
After he pleaded “not guilty” to the charge, the prosecuting counsel, Elizabeth Alabi asked for a date for trial to commence.
Counsel for the defendant, Emeka Okoye, however, brought before the court an application for the bail of his client, arguing that the offence was one that was bailable.
While adjourning to January 21, 2019 for “hearing”, Justice Idris, granted the defendant bail in the sum of N3 million, and a surety in like sum, who must be resident in Abuja.
