Tuesday 17 December 2019

Court Set To Resume Trial Of Ex-NDDC Boss In January

TonyGists App 3 Out Now. Download from Play store

The trial of Tuoyo Omatsuli, former Director of the Niger Delta Development Commission charged with alleged fraud of N3.6 billion will resume Jan 17th
Tuoyo Omatsuli
Tuoyo Omatsuli

A Federal High Court in Lagos will on Jan. 17, resume trial of a former Director of the Niger Delta Development Commission (NDDC), Tuoyo Omatsuli, and others charged with N3.6 billion fraud.

The trial was slated in the cause list for continuation on Tuesday, but it has been rescheduled.

The News Agency of Nigeria (NAN) reports that Omatsuli is facing trial together with Don Parker Properties Ltd., Francis Momoh and Building Associates Ltd. as second, third and fourth defendants, respectively.

They were arraigned on a 45-count-charge bordering on corruption, gratification, fraud and money laundering.

The defendants, however,  pleaded not guilty to the charge and were granted bail in the sum of N100 million each with two sureties each in like sum.

The prosecution has called 10 witnesses in the trial.

According to the Economic and Financial Crimes Commission, the defendants committed the offences from August 2014 to September 2015.

The commission alleged that Omatsuli procured the fourth defendant to utilise N3.6 billion paid by Starline Consultancy Services Ltd. into an account operated by the fourth defendant.

It said that the sum formed part of the proceeds of unlawful activities, including corruption and gratification.

The alleged offences contravene the provisions of Sections 15(1), 15(2), 15(3) and 18 of the Money Laundering (Prohibition) Act, 2011, as amended by Act No. 1 of 2012.

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists

© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Next Post »

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.

Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.