Home Metro Director docked over alleged N2.1m debt

Director docked over alleged N2.1m debt


Lagos  –    A Director at Atilata Oil and Gas Ltd, Emmanuel Amiforonu, who allegedly failed to repay N2.1 million he borrowed from First Bank PLc, was on Wednesday charged before a Yaba Chief Magistrates’ Court, Lagos.
Amiforonu, 53, whose residential address was not stated, is facing a five-count charge of obtaining by false pretences, forgery, conspiracy, issuance of dud cheque and stealing.
The prosecutor, Insp. Roman Unuigbe, told the court that the accused committed the offences on July, 2014, at First Bank PLc, Festac Town Branch, Lagos.
He alleged that Amiforonu alongside his companies – Atilata Oil & Gas Ltd and Etochi Global Ventures Ltd, borrowed the money to purchase LPFO (black oil) from Kaduna refinery.
Unuigbe alleged that in August 2014, the accused forged Pipelines and Products Marketing Company Certificate to support his claim as a dealer in LPFO.
He explained that after Amiforonu failed to supply the black oil to Nigerian Bottling Company in Oct. 30, 2015, as promised, he issued a Stanbic IBTC and FCMB bank cheques.
“ The cheques with serial numbers 13689527and 06685213, for the sum of N347, 345 were dishonoured for insufficient funds,’’ he said.
Unuigbe said the offences contravened Sections 285, 312, 313, 319 and 409, of the Criminal Law of Lagos State, 2011.
The accused, however, pleaded not guilty to the charges.
The News Agency of Nigeria (NAN) reports that Section 312 prescribes seven- year jail term for offenders.
The Chief Magistrate, Mr P.A. Ojo, granted the accused bail in the sum of N500, 000 with two sureties in like sum and adjourned the case till May 30 for trial. (NAN)

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