EFCC Arraigns Indian Businessman Over N13m Fraud




The Economic and Financial Crimes Commission, EFCC, today arraigned an Indian Businessman, Patrick Fernadez before an Ikeja High Court over a N13 million fraud.

The commission, in a 5-count charge alleged that Mr. Fernadez sometime in 2012 fraudulently obtained different types of Nokia phone sets worth N13,800,000 from Okay Computers with a dud cheque.

Fernadez was alleged to have issued several FCMB cheques for the purchase of the Nokia phone set with a promise that the cheque will clear one week after the phones have been delivered to him.

The EFCC further alleged that Fernadez attempted to pay for the phone sets after they were delivered to him with several dud cheques dated 4, 6, 7 April and 30 June, 2012.

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One of the charges reads “that you Patrick Fernadez between 29 March and 1 April, 2012 at Ikeja within the Ikeja Judicial Division with intent to defraud, did obtain different types of Nokia phone sets worth N13,800,000 from Okay Computers when you falsely represented to her that the money was to be paid within one week after delivery/collection of goods and which promise you failed to abide with”

The offence according to the EFCC is punishable under section 1 of the dis honoured cheques act, 2004.

Fernadez pleaded not guilty to the charges and was granted bail in the sum of N2million with two sureties by Justice Adeniyi Onigbanjo.

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The matter has been adjourned till 10 October, 2013 for trial.







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