Tuesday, 4 March 2014
PHOTONEWS: EFCC Arraigns Malaysia-Based Undergraduate, Three Others over N55m Scam
Hope Olusegun Aroke, a Malaysia-based undergraduate fraudster and three others, Ibrahim Garuba Tafida, Tafida Gano Investment Limited and Hopes and Oyin Limited were today arraigned before Justice Mohammed Idris of the Federal High Court, Lagos on two separate charges bordering on false assets declaration, conspiracy and conversion of fund to the tune of over N55million.
The first accused Aroke was arraigned on both charges. He was first docked on a three count charge that borders on false declaration of assets, while all four accused persons were later arraigned on a four count charge of conspiracy and conversion of funds.
One of the charge reads: “That you, Hope Olusegun Aroke (m), Ibrahim Garuba Tafida (M),Tafida Gano Investment Limited and Hopes and Oyin Limited between September and October, 2012 at Lagos within the jurisdiction of the Federal High Court conspired to convert the sum of N31,000,000 (Thirty One Million
Naira) to the credit of Tafida Gano Investment Limited and Hopes and Oyin Limited account domiciled in Zenith Bank Plc which sum you knew represent the proceeds of crime with the aim of concealing the nature of the proceeds of the said crime and thereby committed an offence punishable under section 14(1)(a) of the Money Laundering (Prohibition)Act, 2004”.
The accused persons pleaded not guilty to all the charges. Consequently, prosecution counsel, Hauwa Abubakar urged the court to give a short date for trial and that the first and second accused persons are remanded in prison custody.
Defence Counsel, T.O Taiwo, told the court that he had filed applications for bail and had served the prosecution since January 18, 2013. He also told the court that the second accused person, Ibrahim Tafida, had been offered administrative bail by the EFCC and did not default. He, therefore, prayed the court to allow him continue with the bail earlier granted him or remand him in EFCC custody should the court decides otherwise.
Justice Idris consequently offered Tafida bail in the sum of N10million and one surety in like sum. The surety must have a landed property within the jurisdiction of the court. He also ruled that Tafida should be remanded in prison custody until he meets the bail conditions. Justice Idris also ruled that the first accused person, Hope Olusegun Aroke be remanded in prison custody and adjourned the case till January 25, 2013 for hearing of Aroke’s bail application.
Aroke, together with one other Malaysia-based undergraduate, was arrested in the closing week of 2012 by operatives of the EFCC at the elite 1004 housing estate, Victoria Island, Lagos. His accomplice, Ibrahim Tafida is a Bureau De Change operator through whom Aroke was able to launder proceeds of scam to the tune of N55, 050, 000.00k (Fifty Five million, fifty thousand naira only).
Ag. Head, Media & Publicity