EFCC release: suspected fraudster arraigned for N11.6m securities scam | Welcome to Linda Ikeji's Blog

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Wednesday, 21 May 2014

EFCC release: suspected fraudster arraigned for N11.6m securities scam

Here's a press release from the Economic and Financial Crimes Commission, EFCC. Read below...
The Economic and Financial Crimes Commission, EFCC, on Wednesday, May 20, 2014 arraigned Etim James Etim before Justice I.L Ojukwu of a Federal High Court, Uyo, Akwa-Ibom State on a 12-count charge bordering on conspiracy, forgery and stealing. 
Specifically, Etim allegedly stole and sold shares valued at N11.655, 000 (Eleven Million, Six Hundred and Fifty- Five Thousand Naira only) belonging to an eighty-five-year old pensioner, Chief Ukim Okon Edem, without his consent. He committed the fraud in connivance with three other accomplices: Okey Godfrey Okebalama, James Oyabolo and Udoh (all at large).
When the charges were read to him, he pleaded not guilty.

Count two of the charge reads: “That you Etim James Etim( a.k.a T Boy, "Ukim Okon Edem") on or about the 7th March, 2013 at Oron Road, Uyo within the Uyo Judicial Division of this honourable court with intent to defraud stole the sum of Five Million Naira (N5,000,000) only being the proceeds from the sale of Seventeen Thousand One Hundred and Twenty Six (17,126) unit of Guinness Nigeria Plc shares, property of Chief Ukim Okon Edem and thereby committed an offence contrary to Section 390(9) of the Criminal Code Act Cap. 38, Laws of the Federation of Nigeria, 2004”.

Counsel to the EFCC, Ben Ubi, told the court that he was prepared for trial and prayed that the accused person be remanded in prison custody. However, counsel to the accused person, John Okpe, asked the court to allow him make an oral application for bail for his client but Justice Ojukwu declined. He ordered him to file a formal application for bail.
The judge thereafter adjourned the matter till June 12 and 20, 2014 and ordered that the accused person be remanded in prison custody.

Wilson Uwujaren
Head, Media & Publicity
21st May, 2014

29 comments:

Zenki Moye Brown said...

he ia saying nt guilty nd even smiling in dis picc.. crimnals evrywhere

Anonymous said...

Can yu imagine the guy they laugh because he knw that he will soon be discharge because thid nation hv spoil if yu kill today they will set yu free even if yu do frurde no shaking they will free yu ( bad nation)

Angie Cape said...

Whatever! ... When they arraign the big time thieves, then we'll know they are serious.
My only annoyance is that it belonged to a pensioner; the poor man must be devastated.... N11.6m for 4 hustlers and it's news? ...
Bloody EFCC!!

*My R1.50c comment *

Vivian Chekwube said...

Seriously guys dey vex nw oo.. dis guy really has hrt oo

DOBY DOBY said...

Pple nd wickedness

Rita Usman said...

People can go to any length to make money, defrauding n 80+ man he is not even scared of the gray heir hmmmmn

@edDREAMZ said...

Everyday for the thief one day for the owner.....
.
.
.
***CURRENTLY IN JUPITER***

BONARIO NNAGS said...

He's even smilling
He must face the full wrath of the law

~BONARIO~says so via NOKIA LUMIA

Anonymous said...

11 million with this hungry look. Abeg go o the next chapter. Nigerians na wao. All of them that are counting millions is not really through there sweat. Either through inheritance which fathers must have soiled there hands or through one dubious means before they esterblish with it. Most of the billionaires are not more hard working than us, its just a matter of conscience. God day oo. Ngbo patient.Jona. yahoo boys, 419, de NTU, bankers, those in Gov positions, fraud stars and so on, you know your selves
. What ever you do to optain money by trick, or you were paid more than you deserved. God day oo. Saris Godoo

Peter Dada said...

Scamma!!
Watch!!
11.6m??
Scamma wait! Yeeeh!!



#Pesty

Anonymous said...

Dis guy sha de smile on top mug shot... #mumutinz

hilary obiorah said...

EFCC nabbing the weak and lowly and giving the field day to the government officials.

Anonymous said...

Funny how his smiling

Anonymous said...

His even laughing...ole buruku....*Amarachi*

Amarachukwu. said...

Seen.

Anonymous said...

Linda, Could u please feed us with good gist. This is no news abeg

cmlilies ify said...

What a mess! A pensioner been duped! This fraudster has no conscious. I hope he won't be free even when guilty?

Anonymous said...

Lolzzz!!! Pesty ! I enjoy reading ur comments.. Samma watch lol
-pweetie diva says so-

halimsy said...

The man is very witched he is even smiling that is to say that he is happy in what he have done

Tessy said...

Lol funny handsome young man..

Obinna onuorah said...

The Guy deserve a 7years jail sentence + additional 2 year for smilling. total 9years

Anonymous said...

Ppl have really lost their conscience to dog. What a digrace he is to his family and Nigerians at large. Stupid fool, God's day is waiting for u

Anonymous said...

Eventually the poor will have nothing to feed on but the rich...$20billion+....... is still missing

Anonymous said...

No doubt is even smiling

Anonymous said...

Linda one guy u reported on ur blog in may for skye bank scam has bn released o. We were in shock wen we saw him moving around d area. Efcc gbakwa oku

Bbg Eze said...

D mofo is even smiling

Anonymous said...

Edreamz or worefa u call urself.r u dis jobless.must u always comment?nawa o

Anonymous said...

He must face d wrath of d law.ole,onyeoshi lol

Anonymous said...

this man resemble Iyanya

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