{"id":33280,"date":"2022-07-05T18:49:21","date_gmt":"2022-07-05T18:49:21","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=33280"},"modified":"2022-07-05T18:49:21","modified_gmt":"2022-07-05T18:49:21","slug":"court-strikes-out-n1-7-bn-loan-fraud-case-against-businessman","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/07\/05\/court-strikes-out-n1-7-bn-loan-fraud-case-against-businessman\/","title":{"rendered":"Court strikes out N1.7 bn loan fraud case against businessman"},"content":{"rendered":"<p>An Ikeja Special Offences Court on Tuesday struck out a suit against a businessman, \u00a0Edward Akinlade, charged with N1.7 billion loan fraud.<\/p>\n<p>Reports have it that <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/02\/09\/businessman-remanded-for-allegedly-issuing-n60m-dud-cheques\/\">Economic and Financial Crimes Commission,(EFCC)<\/a> arraigned Akinlade alongside his company, Suru Homes Ltd, on a 10-count charge bordering on theft\u00a0and issuance of dud cheques.<\/p>\n<p>He pleaded not guilty to the charge.<\/p>\n<p>Justice Oluwatoyin Taiwo, in her ruling, said that the case was at the discretion of the court and not of EFCC, following\u00a0a letter dated June 1,\u201c titled \u201cTerms of Settlement\u201d, initiated by the complainant to settle with the defendant\u2019\u2019.<\/p>\n<p>The letter of withdrawal was tendered to court on June 17.<\/p>\n<p>\u201cThe prosecution counsel has informed the court that he is not aware of the resolution of this matter despite being copied with the letter of authority of withdrawal from the complainant and that he did not concede to the withdrawal of this case.<\/p>\n<p>\u201cHe said he did not have the authority of his office to withdraw the case.<\/p>\n<p>\u201cHowever, on the authority of FRN v Onnogen, the Supreme Court held that the complainant can withdraw his matter in any case that is not criminal such as murder and armed robbery without the consent of the state or EFCC as the case may be.<\/p>\n<p>\u201cThis is a civil case of stealing and issuance of dud cheque. In the light of the foregoing, I hereby strike out this case and the defendant is accordingly discharged\u2019\u2019, the judge ruled.<\/p>\n<p>The defence counsel, Mr Pedro Lawal, SAN, \u00a0had informed the court of an application for striking out the case,\u00a0based\u00a0on letter of withdrawal by Fidelity\u00a0Bank, the complainant in the\u00a0suit.<\/p>\n<p>\u201cThe copy of the letter has been filed before the court and same has been served on the EFCC.<\/p>\n<p>\u201cI rely\u00a0on section 261 of ACJL of Lagos State and section 355 of ACJA that the defendant should be discharged.<\/p>\n<p>\u201cTo also confirm the position\u00a0my lord, we have a <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/05\/17\/sales-representative-docked-for-allegedly-stealing-phone-accessories\/\">representative<\/a> of the bank, Mr Chukwuebuka Nweka,\u201d Lawal said.<\/p>\n<p>Reports have it that Nweka, a representative of the bank, confirmed to the court that the parties had settled and written to the EFCC over the dispute resolutions and asked the Commission to withdraw charges against the defendant.<\/p>\n<p>The EFCC counsel, Mr Temitope Banjo, however, told the court that the commission was not carried along with the resolution.<\/p>\n<p>\u201cPursuant to the\u00a0complaint, EFCC carried out an <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/18\/sexual-violence-unfpa-backs-survivor-centered-investigation-prosecutions\/\">investigation<\/a> and it\u00a0is quite unfortunate that we were not carried along with the resolution.<\/p>\n<p>\u201cI do\u00a0not have the authority to withdraw the charges, i am leaving it at the discretion of the court,\u201d Banjo said.<\/p>\n<p>The EFCC counsel, however, confirmed to the court that it was on record that the head of the commission, head of legal and himself had the copy of the letter of withdrawal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Ikeja Special Offences Court on Tuesday struck out a suit against a businessman, \u00a0Edward Akinlade, charged with N1.7 billion loan fraud. Reports have it that Economic and Financial Crimes Commission,(EFCC) arraigned Akinlade alongside his company, Suru Homes Ltd, on a 10-count charge bordering on theft\u00a0and issuance of dud cheques. He pleaded not guilty to [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[11],"tags":[4042,4226,6372,3061],"class_list":["post-33280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro","tag-complainant","tag-defendant","tag-loan-fraud","tag-supreme-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Court strikes out N1.7 bn loan fraud case against businessman &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/07\/05\/court-strikes-out-n1-7-bn-loan-fraud-case-against-businessman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Court strikes out N1.7 bn loan fraud case against businessman\" \/>\n<meta property=\"og:description\" content=\"An Ikeja Special Offences Court on Tuesday struck out a suit against a businessman, \u00a0Edward Akinlade, charged with N1.7 billion loan fraud. Reports have it that Economic and Financial Crimes Commission,(EFCC) arraigned Akinlade alongside his company, Suru Homes Ltd, on a 10-count charge bordering on theft\u00a0and issuance of dud cheques. 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