Businessman nabbed by EFCC for N33.3 million Fraud

The EFCC today, Friday arraigned one Joseph Ishiguzo, before Justice J. E. Inyang of the Federal High Court, Owerri, Imo State on a four count charge bordering on conspiracy and obtaining money by false pretense.

Ishiguzo allegedly sold 18 plots of land to the complainant for N33.3 million, issued the complainant a hand written receipt together with power of attorney even when he knew that the said plots of land did not belong to him.

The accused pleaded not guilty when the four counts were read to him.

In view of his plea, the prosecution counsel, M.T. Iko asked the count to fix a date for trial and to remand the accused person in custody.

The Defence counsel, A. S. Aseluno urged the court to grant his client bail as the offence is bailable.

Justice Inyang granted the accused person bail in the sum of N10 million naira or two sureties in like sum.

The case was adjourned to February 16 and 17 2017 for trial.