Commercial Law

EFCC re-arraigns First Nation Airline MD, Odukoya

The Economic and Financial Crimes Commission, EFCC, re-arraigned one Kayode Odukoya CEO of First Nation Airways Limited before an Ikeja Special Offences Court, Lagos over allegations of forged memorandum of loss of Lagos State certificate of occupancy and N1.7 Billion Fraud

Kaylee Odukoya was docked along his companies named First Nation Airways Limited and Bellview Airlines Limited on a seven count charge bothering on forgery, use of false document, perjury, stealing and obtaining credit by fraud contrary to sections 85(1), 86(1), 278(1)&(b), 285(1), 313(1)(a) &(b),361(1)(a)& (b),363 (1) and 364(1) of the criminal law of Lagos State of Nigeria 2011

The prosecuting counsel for the EFCC, Nnaemeka Omewa Esq, informed the court that the commission based on the amended information would like for the defendant to retake it plea

The commission is alleged that the defendant fraudulently obtained credit of One Hundred Million naira from Skye Bank Plc now Polaris Bank and made the bank to incur liability by presenting a Memorandum of loss of Lagos state Certificate of Occupancy registered as No.33 of page 33 In Volume 1011 at the Lagos State Registry, Alausa, Ikeja In respect of property being and situate at No. 29 Oduduwa Sheet, Ikeja GRA, Lagos State

According to the charge, ” Kayode Odukoya and First Nation Airways on or about the 29th day of August, 2013 In Lagos within the lkeja Judicial Dlvlslon by means of fraud obtained the credit of N307,268,406.43 for yourselves from Skye Bank Plc (Now Polaris Bank ltd) and made the bank to incur liability by presenting a Memorandum of Loss at Lagos state Certificate of Occupancy registered as No.33 at page 33 In Volume 1011 at the Lagos State Registry, Alausa, Ikeja In respect of property being and situate at No. 29 Oduduwa Street, lkeja GRA. Lagos State.

Furthermore,”Kayode Odukoya, First Nation Airways Limited and Bellview Airlines Limited on or about the 7th day of October, 2016 in Lagos within the lkeja Judicial Division dishonestly converted for your own use the sum of N1, 741.994.962.04 property of Skye Bank now Polaris Bank.

The defendant pleaded not guilty to the charges preferred against him by the Commission

The prosecutor informed the court that he would be closing is case for the defence to open their case.

Defence counsel, Edoka Onyeke made an application to the court that in view of the defendant plea respectively ask that the defendant keep enjoying his bail conduction.

Furthermore, he informed the court that with the amended information by the prosecutor would be making an application to recall prosecutor witnesses two from Polaris Bank and the IPO from the commission.

Justice Mojisola Dada granted the application of defence counsel and adjourned the case for trial to February 15 to 18, 2021.

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