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EFCC arraigns Indian over N816m fraud

The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned an Indian, Chandra Singh, before an Ikeja Special Offences Court over a N816 million fraud.…

The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned an Indian, Chandra Singh, before an Ikeja Special Offences Court over a N816 million fraud.

The EFCC counsel, Mrs Bilikisu Buhari, told the court that the defendant on or before January 1, 2021,  while in the employment of African Natural Resources and Mines Ltd solicited indirectly to confer undue advantage for his company, CVN Engineering Ltd, in order that he influenced his employee to award a supply costing N365m to CVN Engineering Ltd.

The anti-graft agency also said that the defendant solicited indirectly to confer undue advantage for his company, Neo Paints Nigeria Ltd, in order that he influenced his employee to award a supply costing N451m to Neo Paints Nigeria Ltd.

The prosecution also submitted that the defendant dishonestly retained the sum of $4,150 USD belonging to African Natural Resources and Mines Ltd.

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The defence counsel, Mr Hassan Olanrewaju, informed the court of the bail application for the defendant and requested for a short adjournment to enable him prepare for the trial.

Justice Ismail Ijelu remanded the defendant in the Ikoyi Correctional Centre and adjourned to November 30.