Lagos businessman faces criminal charge


When the matter was mentioned Wednesday, the accused businessman was not present in court neither was the Economic and Financial Crimes Commission (EFCC)’s prosecuting counsel present.
In a 13-count criminal charge number FHC/L/288C/15 dated 14 July, 2015 signed and filed before the court by Deputy Chief Prosecutor/Legal Officer of EFCC, E.A. Jackson, it was alleged that Dr Chidi Barns Okpaluba and Quartermasters Limited between December 2008 and January, 2009 with intent to defraud, obtained N131 million from SouthGlobe Ltd and Konex Associates.
The said f acility was allegedly obtained through Prince Kalu Otisi by falsely representing that Quartermasters Limited had 135 million ordinary shares for sale to interested members of the public at N1.80k per share, as private placement, out of which, he agreed to have 73,291,013. Shares to sell to Kalu Otisi for the amount obtained from him.


For the full story, check the PM NEWS newspaper.

















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