FORMER MD MAINSTREET BANK REGISTRARS, CHESTER UKANDU TO SPEND 20 DAYS AT IKOYI PRISON

IKEJA, Lagos, Nigeria – A former Managing Director of Mainstreet Bank Registrars, Mr. Chester Ukandu has been remanded in Ikoyi Prison till April 10, 2018 when his application for bail will come for hearing before a Special Offences Court, sitting in Ikeja, Lagos. He was remanded in prison along with Achi George, a former director with the bank. They were remanded by Justice Jibike Williams after entering a no guilty plea to three counts charge of conspiracy and forgery brought against them by the Economic and Financial Crimes Commission (EFCC).

According to the EFCC prosecutor, Zainab Ettu, the two defendants, between February 6 and 7, 2012, conspired among themselves and forged the letter head paper of Mainstreet Bank Registrars Limited, with registration number: 613674, claiming that it emanated from Mainstreet Bank’s Registrars Limited.

The two defendants were also accused of forging a Corporate Affairs Commission (CAC) Form 2A, claiming that it emanated from CAC.The prosecutor told the court that the two defendants, who were formerly Managing Director and Director of the company, had retired from the company, only to  unlawfully convert the company’s properties and bank account with Skye Bank for personal use.

The prosecutor further told the court that the two defendants were arrested after investigation was conducted on a petition written by the Company’s lawyer, Dr. Charles Mekwunye. And they were consequently charged before the court. However, the two defendants, pleaded not guilty to the charges.

Following their plea, their Lawyer, Samuel Agwuh, informed the court that he had filed bail applications, and urged the court to grant his clients bail in the most liberal terms. Responding, the prosecutor, informed the court that they were just served with the applications, and needed time to respond.

The prosecutor consequently urged the court to remand the defendants pending when the bail applications will be heard. Ruling on the submissions of both parties, the presiding Judge, Justice O.A  Williams , ordered tbat the two defendants be remanded in Ikoyi prisons till, April 10, when their bail applications will be entertained .