EFCC arraigns First Nation Airline MD over N1.7bn fraud
The Economic and Financial Crimes Commission (EFCC) on Friday arraigned the Managing Director, First Nation Airlines, Mr Kayode Odukoya, over allegation of forgery and theft of N1.7 billion.
The commission had brought Odukoya before Justice Mojisola Dada of a Special Offences Court, Ikeja, Lagos State.
The First Nation Airlines and Bellview Airlines were also named as co-defendants to the suit.
Odukoya, who had earlier failed to appear before the judge on three different times was eventually brought to the court by the EFCC after being detained when he reported at the EFCC office on March 13.
He was arraigned before Justice Dada on a four-count charge of N1.7billion theft and forgery of Certificate of Occupancy issued by the Lagos State Government.
The anti-graft agency also alleged that Odukoya forged the Memorandum of Loss of Lagos State Certificate of Occupancy registered as No. 33 at page 33 volume 1011 at the Lagos State Land Registry, Alausa, Lagos, so that the document can be acted upon as genuine.
It added that the forged document was in respect of a property located at No. 29, Oduduwa St., Ikeja GRA, Lagos.
The aviation chief was also accused by the EFCC of using the said forged document and equally gave false information on oath concerning the loss of the Certificate of Occupancy at the Lagos State Land Registry.
The EFCC further stated that on October 7, 2016, Odukoya allegedly stole and dishonestly converted to his own use the sum of N1. 7 billion owned by Skye Bank contrary to Sections 85, 86(1) 278(1)(b), 285, 361(1),(a) (b), 363 and 364(1) of the Criminal Law of Lagos State 2011.
Justice Dada later adjourned the matter till March 26 for ruling on Odukoya’s bail application.
The judge also ordered that the airline boss should be remanded in EFCC custody.
