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LequteMan
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Nigeria- A 56-year old Italian, Piero Allan Franchillo, has been arraigned before a federal high court for forging a document through which he allegedly defaruded Zenith Bank plc of over N700m. He pleaded not guilty and the case was adjourned to february 6. Punch reports:
According to the prosecutor, Mrs. Susan Ezema, the accused had, between August 2013 and April 2014, obtained a sum of N717,403,475.36 from Zenith Bank Plc for the purpose of constructing Delta Mall at Effurum, Delta State.
Franchillo was, however, said to have conspired with some persons, still at large, to “fraudulently convert the money to his own personal use rather than executing the project.”
The SFU prosecutor added, “The accused did forge an extract of minutes of meeting of the Board of Directors of New Technic Construction Nigeria Limited purportedly held on August 26, 2013, accepting APG/Bid Bond Line for enhancement of N1.5bn and overdraft renewal of N50m for the construction of Delta Mall.”
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#Nigeria #Zenith
According to the prosecutor, Mrs. Susan Ezema, the accused had, between August 2013 and April 2014, obtained a sum of N717,403,475.36 from Zenith Bank Plc for the purpose of constructing Delta Mall at Effurum, Delta State.
Franchillo was, however, said to have conspired with some persons, still at large, to “fraudulently convert the money to his own personal use rather than executing the project.”
The SFU prosecutor added, “The accused did forge an extract of minutes of meeting of the Board of Directors of New Technic Construction Nigeria Limited purportedly held on August 26, 2013, accepting APG/Bid Bond Line for enhancement of N1.5bn and overdraft renewal of N50m for the construction of Delta Mall.”
click here to read more
#Nigeria #Zenith
