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N2.9bn fraud: Court Sends IDID Nigeria Limited’s CEO, Kenneth Amadi, To Jail

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•As Judge Liquidates Company

 

As a result of his involvement in fraud to the tune of N2.9bn, the Chief Executive Officer (CEO) of IDID Nigeria Limited, Kenneth Amadi, was on Monday, convicted and sentenced to 18 months imprisonment, by Justice Ambrose Lewis-Allagoa of a Federal High Court in Ikoyi, Lagos.

The judge arrived at the decision, after finding him guilty of counts 4 and 5 of the criminal charge made against him by the Federal Government of Nigeria (FGN), through the office of the Attorney General of the Federation (AGF).

Justice Allagoa, who also convicted Amadi, declared that the sentencing is without an option of fine, and equally ordered that IDID Nigeria Limited be liquidated with immediate effect.

It would be recalled that the day’s judgment was earlier slated to have been delivered on November 22, 2022, but the same was not ready, due to the very busy schedule of the court.

The convicted Amadi and his company, IDID Nigeria Limited, were dragged before the court by the FGN when he held sway as the Chief Operating Officer (COO) of Eunisell Limited, a company founded by Chief Chika Ikenga.

Prior to Justice Allagoa’s judgment, counsels had adopted their final written addresses on Tuesday, October 25, 2022.

Meanwhile, at the last proceeding on the criminal case, Justice Alagoa, had ruled against the no-case submission instituted by the convicted Amadi, questioning the N2.9bn fraud charge, slammed against him by the FGN.

In handing down his ruling, the judge held that the prosecution had raised issues that require the embattled ex-staff to proffer answers, prompting the court to order Amadi to open his defence.

Amadi had contended that the prosecution had not been able to make any prima-facie case against him and as such had no business being in court.

He then urged the court to strike out the criminal charge against him and accordingly acquit and discharge him without any further delay.

But responding, the prosecution, led by Mrs. Aderonke Imana, had insisted that Justice Allagoa should discountenance the prayers of the convcit, because a case has been made against him and that he ought to put up a defence. The prosecution then asked the court to order Amadi to open his defence.

Specifically, Amadi and his company, IDID Nigeria Limited, are were tried before the court on a five-count charge of conspiracy and fraud to the tune of N2.9 billion.

The convict was charged before the court on the offences bothering on obtaining by false pretence; forgery, unlawful fund conversation and fraud.

The offences which contravened sections Section 1 of the Advance Fee Fraud and Other Fraud Related Offences Act. Cap.A6, Lam of the Federation of Nigeria, 2004 and punishable under Section 1(3) of the same Act. Section 1(2)(c) of the Miscellaneous Offence Act, Cap. M17. Law of the Federation of Nigeria. 2004 and Punishable under the same Section of the Act.; Section 27 (b) of Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015 and punishable under Section 14 (1) of the same Act. And Sections 434 and 435 of the Criminal Code Act, Cap. C38 Laws of the Federation of Nigeria, 2004 and punishable under the same Section of the Act

One of the charges against the defendants include receiving and obtaining by false pretense, with intent to defraud, the sum of N2, 900,000,000 belonging to Eunisell Ltd, from A-Z Petroleum Ltd and AMMASCO International Ltd; omitting making full and true entry thereof in the books and accounts; suppression of data in respect of the financial transfer to Eunisell Ltd; and converting the same amount without authority to create sufficient deposits to promote the credibility of his own company (IDID Nigeria Limited).

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EFCC arraigns couple for alleged N500m fraud

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The Port Harcourt Zonal Command of the Economic and Financial Crimes Commission has arraigned a couple, Emmanuel Dike and Ugochi Eziaku Dike, for an alleged N500 million investment scam.

This was disclosed in a statement posted on the official X handle of the EFCC on Thursday evening.

According to the statement, the couple was arraigned alongside their company, Dike & Phil Associates Ltd, on Wednesday, November 29, by the EFCC on five-count charges bordering on conspiracy, obtaining money under false pretence and criminal conversion of funds to personal use.

One of the charges read, “That you Ugochi Eziaku Dike, Emmanuel Dike, Dike & Phil Associates Ltd; Kelechi Chigozirim Ahiawe (still at large), and Ampletech Integrated Services Ltd, sometime between the 24th day of August, 2020 and 15th day of February, 2021, at Port Harcourt within the jurisdiction of this honourable court with intent to defraud obtained the sum of Five Hundred Million Naira only from one Captain Chukwuemeka Stanley Ikeri, a Nigerian citizen and his company- Clipboard Office Superstores Limited, under the pretext that it was for investment purposes that will yield him 10% interest, which you all claimed to have the capability to deliver to him, which pretext you knew to be false and thereby committed an offence contrary to Section 1(1) (b) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act”.

The statement further read that the couple pleaded not guilty to the charges read to them.

In view of their pleas, prosecution counsel Dr. B. Ubi, prayed the court for a trial date, while counsel to the defendants, J. C. Okeke, informed the court of his application for the bail of the first and second defendants. He prayed the court to grant the defendants bail to enable them prepare for trial.

Justice Ajoku granted the defendants bail in the sum of one million Naira each, with two sureties in like sum.

The defendants were remanded in the Port Harcourt Correctional Service pending the perfection of their bail conditions, and the matter was adjourned to January 30, 2024 for commencement of trial.

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Gbenga Shaba Wins Online Publisher Of The Year Award At NMNA 2023

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Gbenga Shaba, Editor-in-Chief and founder of multiple award winning Online Newspaper, Omonaijablog.com.ng, has emerged winner at the 17th edition of the Nigeria Media Night-Out Awards, NMNA, 2023 in the Publisher of the Year award category.

 

Nigeria Media Night-Out Awards, NMNA is the leading award dedicated to the celebration of outstanding journalists and media practitioners in Nigeria and this year’s edition was a stand-out.

 

The greatly valued awards which most media practitioners always look forward to was held at the prestigious B-Event hall of the Lagos Airport Hotel and had other media heavyweights, top politicians, and society bigwigs in attendance.

 

Gbenga Shaba, a multiple award-winning journalist with decades of experience in journalism and public relations was declared winner in the category where he was nominated alongside other experienced newspaper and online platform Publishers.

 

Speaking on the nomination process for each award category, Sola Olugbenro the Convener of the NMNA noted that “as usual the nomination process is usually the toughest for the Award Committee, but in the end after proper analysis and vetting of the votes, a winner eventually emerges”.

 

A graduate of Mass Communication, Gbenga Shaba joined Encomium Magazine in 2011 as a reporter, where he grew to become one of the finest young reporter being courted by several other organizations including notable online media platforms.

 

He later joined Yes! Magazine, another award winning tabloid in Lagos as an entertaining Editor and a Columnist.

 

This accomplished Public Relations Practitioner, Online Media Strategist, Social Media influencer and a dedicated journalist, later established Omonaijablog in 2016 to meet the needs of large percentage of people who craves for credible news online.

 

Winner of Yomafa Global Awards 2021 as the Best Social Media Blogger the young and energetic writer cum actor is a member of several Media Professional Associations.

 

He is also an associate member of Institute of Strategic Management, Nigeria.

 

He is married to a beautiful wife, Folake and blessed with two girls, Ireayo and Iremide, and a boy, Jesukorede.

 

He loves sporting, cooking, traveling and investigating.

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Glo congratulates Nigerians on independence anniversary  

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Total telecommunications solutions provider, Globacom, has congratulated Nigerians on the occasion of the country’s 63rd independence anniversary celebration.

 

The company noted that the resilience of Nigerians since independence has been resposible for keeping the country forging ahead despite developmental challenges it has faced over the years.

 

In a statement released in Lagos on Saturday, Globacom said, “There is cause for Nigerians to celebrate as we have over the decades weathered the storm and made appreciable progress in several areas in our march to development”.

 

“We believe that a major reason for joy is the resilience of Nigerians to rise through every obstacle and remain one united country bound in freedom, peace and unity. Our diversity has become a strong pillar in keeping us stronger to forge ahead with greater optimism”.

 

The statement also encouraged Nigerians to look into the years ahead with positive expectations as the country continues to strive to overcome the challenges that other developing economies are also going through.

 

Globacom promised to continue to empower Nigerians with world-class telecommunication services to aid individual enterprise and national development.

 

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