How First Nation MD provided forged document for N1.7bn loan – Polaris Bank tells court
NAN reports that Ogo, a Legal Officer with Polaris Bank, formerly Skye Bank, testified at the beginning of the trial of Odukoya over alleged N1.7 billion theft.
“At the point of the first application for these facilities, the defendant undertook to avail the bank of some collateral. “Relying on same, the bank wrote to the Land Registry to confirm the registered number as furnished by the defendant and the bank received a response that the referred number does not exist in the record to the referred property.”
“The bank’s internal investigation in respect of that property showed that the registration number of that property was Page 5, Vol. 5 of 1011, which the first defendant had used as collateral. The witness said that the loans were granted to Odukoya because his application inferred some urgency for the funds to run the operations of First Nation Airway and Bellview Airlines.
The News Agency of Nigeria reports that the EFCC is alleging that Odukoya committed forgery, use of false document and perjury on March 21, 2013, in Lagos.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World’s oldest club relegated for the first time - The Nation NewspaperNotts County, the oldest club in the world, has been relegated.The 157-year-old club lost 3-1 at Swindow on Saturday, becoming condemned to relegation.
Read more »
Book Review: Nation Building Through Quality EducationNation Building Through Quality Education: Reflections On Leadership Role Of ABU, Zaria (II) This is the part two and concluding segment of the review of my book, “Nation Building Through Quality Education: Reflections on the Leadership Role of Ahmadu Bello University, Zaria”. As stated in the first part, two erudite professors of Art, A K […]
Read more »
Miyetti Allah Is A Legal Stake Holder In Our Nation And Should Be Respected – PresidencyMiyetti Allah Is A Legal Stake Holder In Our Nation And Should Be Respected - Presidency.
Read more »
You are not above the law, EFCC tells Saraki - The Nation NewspaperThe Economic and Financial Crimes Commission (EFCC) has told the President of the Senate, Dr Bukola Saraki that “he is not above the law”.
Read more »
Who is suitable to govern a nation - Vanguard NewsIt is imperative to put things in perspectives, so that people can know what the right thing is. The issue is who is to govern a country?
Read more »
London trip: Apologise to Nigerians, Adesina tells apostles of evil imaginings - The Nation Newspaperand retract their ‘tendentious stories’ insinuating that President Muhammadu Buhari was to be hospitalised during his private visit to London.
Read more »
Ramadan: Candido urges Muslims to pray for Nation – Daily TrustAs the Holy month of Ramadan commenced on Monday, the Chairman of Abuja Municipal Area Council (AMAC), Malam Abdullahi Candido...
Read more »
Illegal Migration: If I Was President Of That Nation, I Will Resign – OnaiyekanIllegal Migration: If I Was President Of That Nation, I Will Resign – Onaiyekan.
Read more »
We are in arrears in salaries, pensions payments, Imo State tells court - The Nation NewspaperThe Imo State Government has told a High Court of the Federal Capital Territory (FCT), Abuja that it was currently owing salaries and pensions.
Read more »
Nigeria: A nation pauperised by tax evasion - Vanguard NewsIn 2017, the World Economic Forum (WEF) ranked Nigeria 125 out of 137 countries in its Global Competitiveness Report. The WEF survey found that Nigeria’s...
Read more »
Buhari tells Service chiefs to wake up - The Nation NewspaperIF the words of Chief of Naval Staff (CNS) Vice Admiral Ibok-Ete Ibas are anything to go by, the security situation is improving contrary to widespread
Read more »