N1.358b theft: Court remands MTN staff, others in EFCC custody

THE Lagos High Court sitting in Ikeja, on Tuesday, ordered the remand of two MTN staff and three others in the Economic and Financial Crimes Commission (EFCC) custody, over an alleged N1.358 biilion theft brought against them by the commission.
The suspects, Victor Akintunde, 41, Gani Mustapha, 46, Mutairu Babatunde, Prima Vera Engineering and Construction Limited and Mabo Dredging Limited.
Justice Kudirat Jose ordered that the suspects, who were  facing a 17-count charge, bordering on conspiracy, stealing, obtaining, forgery and issuance of dud cheque, preffered against them the EFCC, should be remanded.
The EFCC counsel, Emmanuel Jackson, told the court that the defendants committed the alleged offence in April 8, 2008.
Stating that with intent to defraud, Akintunde, Mustapha, Babatunde, alongside their companies, Prima Vera Engineering and Construction Limited, Mabo Deredging Limited, conspired to steal the sum of N127million, property of MTN employees Multi-Purpose Cooperative Society (MEMCOS).
Jackson also said that the defendants, the same day, with intent to defraud, stole the sum of N50 million belonging to MTN employees Multi-Purpose Cooperative Society, adding that the sum was fraudulently collected as deposit for payment for land they bought for the society from one Mutairu Baba Egbe Family on behalf of the society.
The prosecutor averred that the suspects conspired to steal the sum of N77million property of MTN MEMCOS, being outstanding refund for five hectares out of 13 hectares of land they bought for the societyfrom Mutairu Baba Egbe Family, that they claimed had a defective title.
He stated that Mutairu Babatunde and Primavera Engineering and Construction Limited stole the sum of N516.697million property of MTN MEMCOS,  being the sum he fraudulently claimed he used to compensate early settlers in 26 hectares of land amounting to 321 plots of land he bought for the society from Jagun Opolu family.
The anti-graft agency also alleged that the defendants on August 3, 2009, stole the sum of N515,697, property of MEMCOS, which they fraudulently converted through Mabo Dredging Limited.
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According to the counsel, the defendants stole N592.820 million, from MEMCOS under false  pretence that the money represented payment to Lagos State government for documentation and governor’s consent.

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