EFCC rearraigns Kayode Odukoya CEO of First Nation Airline for fraud

Admin l Monday, November 30, 2020

 

LAGOS, Nigeria – The Economic and Financial Crimes Commission (EFCC) today re-arraigned Kayode Odukoya, Chief Executive Officer of First Nation Airways before an Ikeja Special Offences Court for  alleged forgery  and N1.7 Billion Fraud.

Odukoya was docked along his companies named First Nation Airways Limited and Bellview Airlines Limited on a 7-count charge of 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 he  would like  the defendant to retake  the plea based on amended information.

“The commission is alleging the defendant fraudulently obtain credit of N100 million 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 properly being and situate at No. 29 Oduduwa Sheet, Ikeja GRA, Lagos State”

The charges read: That you,  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.

That you Kayode Odukoyo, 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 his case for the defence to open their case.

Defence counsel, Edoka Onyeke made an application to the court that the defendant continue to enjoy his bail condition  based on his plea. He told the court court that with the amended information, he  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 to 15 to 18 February 2021.