The Economic and Financial Crimes
Commission has arrested a 60-year-old agent of a brokerage firm, Vincent
Odionu, for allegedly selling the shares of a diseased client valued at
N37.5m.
Spokesman for the EFCC, Wilson Uwujare
said, “The accused person, who is an agent of a brokerage firm, Lion
Stockbrokers Limited, conspired with others to sell the shares of Onwubu
Anake (the deceased person) in some blue chip companies, including RT
Briscoe, CFAO, Cement Company of Northern Nigeria, First Bank, Oando,
Nigerian Breweries, without authorisation.
“The total value of the shares sold by the accused is put at N37.5m.”
PUNCH Metro gathered that the
suspect was arraigned before Justice M.A. Onyetenu of the Federal High
Court, Abakaliki, Ebonyi State, on two counts that bordered on stealing
and forgery.
The charges read in part, “That you,
Vincent Odionu, sometime in March 2008, in Abakaliki, Ebony State,
within the jurisdiction of the Federal High Court of Nigeria, with
intent to defraud, obtained the sum of N1,268,000 by means of fraudulent
encashment of GTBank Cheque belonging to Onwubu Anake issued by lion
Stockbrokers Limited when you falsely represented yourself at Fidelity
Bank as Onwubu Anake, which pretence you knew to be false, and you
thereby committed an offence contrary to Section 1 (1)(a) of the Advance
Fee Fraud and other Fraud Related Offences Act, 2006 and punishable
under Section 1 (3) of the same Act.”
The defendant pleaded not guilty to the
charges and Onyetenu subsequently adjourned the matter till October 22,
2014 for consideration of bail application.