EFCC Arraigns Cashflow, “Illegal” Bank Operator for Fraud . . The EFCC, on June 13, 2018, arraigned…

EFCC Arraigns Cashflow, “Illegal” Bank Operator for Fraud
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The EFCC, on June 13, 2018, arraigned a director of Cashflow ABI Network Limited, Philemon Ibrahim Gora, before Justice Ijeoma Ojukwu of the Federal High Court, Maitama, on a two-count charge for illegally operating a financial institution.
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Gora is accused to have between 2012 and 2017 used the company to defraud unsuspecting customers while running a banking business without a valid license issued to the company.
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The defendant pleaded “not guilty” to the counts and Justice Ojukwu, granted him bail in the sum of N10 million each. He is to also pay N5 million as bond, and will be in Kuje Prison pending when he fulfills the conditions.
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