The Economic and Financial Crimes Commission on Tuesday, October 25, 2016, arraigned one Olurotimi David and his company Davchel Nigeria Limited before Justice E. Esan of the Oyo State High Court sitting in Ibadan, on a 2-count charge bordering on obtaining money by false pretence and issuance of a dud cheque.
The Economic and Financial Crimes Commission on Tuesday, October 25, 2016, arraigned one Olurotimi David and his company Davchel Nigeria Limited before Justice E. Esan of the Oyo State High Court sitting in Ibadan, on a 2-count charge bordering on obtaining money by false pretence and issuance of a dud cheque.
David allegedly obtained the sum of N6,971,020.00 (Six Million, Nine Hundred and Seventy One Thousand Naira) from one Ishola Gbenga, General Manager of Ennydaras Company Limited through a phony contract to supply 155 metric tonnes of soya bean to his warehouse at Ota, Idi-Iroko Road Ota, Ogun State. He thereafter signed a memorandum of understanding to pay the said sum with a cheque which he issued but was returned unpaid upon presentation for payment in the bank.
David pleaded not guilty to the charges preferred against him.
In view his plea, prosecution counsel, Sanusi Musa Galadanchi asked for a trial date for commencement of trial. However, the defence counsel, Mohammed Akintayo prayed the court to allow the bail earlier granted to the defendant to continue. Justice Esan granted the defendant's prayer and adjourned the case till 24 November, 2016.
