GT BANK N125 MILLION FRAUD : EFCC Drags Suspects To Lagos Special Offences Court

A suspect and two companies have been charged to court for allegedly swindling GT BANK of N125 million.

The alleged fraudster, Andrew Warri, was arrested and arraigned before the Lagos Special Offences Court, Ikeja, for allegedly defrauding GTBank to the tune of N125 million.

The suspects were brought before the the Court by the operatives of the Economic and Financial Crimes Commission, EFCC, over the alleged offence.

Suspect Andrew now a defendant was re-arraigned before Justice Olubusola Okunuga on a five-count charge bordering on issuance of dude cheques, stealing, obtaining by false pretence.

He was charged alongside two companies: A.M. Projects Consultancy Limited and Ranez Medical Consultancy Limited.

However, he pleaded not guilty, hence the prosecuting counsel, A. A. Usman, pleaded with for a trial date and prayed that the Andrew be remanded at a correctional facility pending the determination of the case.

Counsel to the defendant , A.M. Makinde (SAN), objected and pleaded with the Court to allow his client to continue enjoying the earlier bail granted him by the previous judge, hence he did not abuse the earlier bail condition.

Countering defense counsel, the prosecution argued that hence the matter was presented afresh, the defendant should seek a new bail application as he believes that the defendant is a ‘flight risk’.

Justice Okunuga, while giving her ruling on the bail application, agreed with the defendant’s counsel that his client should continue to enjoy the earlier bail granted him based on the fact that he had not contravened the conditions.

Earlier, the prosecution informed the Court that the Commission had an amended charge against the defendant following the ruling on a “No case submission”, which discharges the defendant on count one and two.

Justice Sherifa Solebo gave the verdict before she retired from the bench, and the case was later transfered to Justice Okunuga for trial.

Based on the ruling, the defendant, Warri, was discharged and freed on count one and two of the charge, while the Court ordered the defendant to defend himself on count three to six and adjourned the matter for trial.