EFCC Arraigns Four For N900 Million POS Fraud

The Economic and Financial Crimes Commission (EFCC), has
arraigned two persons before Justice D. V Agishi of the Federal
High Court, Jos, Plateau State, on a 31-count charge bordering on
conspiracy, money laundering and obtaining N908,108,974.52 million
by false pretence.

Those arraigned were Naankang Dawan, his companies, Taen Nigeria
Ltd and Lataen Engineering Ltd, and Moruf Tunji Olukanmi.

According to EFCC’s Head of Media and Publicity, in a statement
on Monday, the first defendant, Dawan, who allegedly inherited some
companies, including a petrol station from his family, connived
with some staff of First Bank, including the fourth defendant,
Olukanmi, to defraud costumers using a Point of Sale (POS) terminal
allocated to him.

Count two of the charge read, “That you, Naankang Dawan, being
the Managing Director and Chief Executive Officer of Taen Nigeria
Limited, Taen Nigeria Limited, Doyin Adesanya (at large), Samuel
Temitope Falese (at large), Ebenezer Oni Kehinde (at large) and
Mariam Babatunde Olabisi (at large) between October 2017 to
November 2017 within the jurisdiction of this honourable court,
with intent to defraud, manipulated First Bank of Nigeria Plc Point
of Sale (POS) terminal issued to Taen Nigeria Limited, and by so
doing fraudulently credited Tean Nigeria Limited Account Number:
2025956973, domiciled with First Bank Nigeria Plc, with the sum of
N908,108,974.52 (Nine Hundred and Eight Million, One Hundred and
Eight Thousand, Nine Hundred and Seventy Four Naira and Fifty Two
kobo) only, and thereby committed an offence contrary to Section
30(1) of the Cybercrime (Prohibition, Prevention, Etc.) Act,
2015.”

The defendants had pleaded not guilty to all charges, and based
on their pleas, prosecution counsel, Benjamin Manji, asked for a
trial date.

The prosecution counsel also asked that the suspects be remanded
at the Correctional Centre pending trial.

The defence counsel, A.G Yirvoms, however, informed the court of
a pending application for the bail of his clients.

Justice Agishi adjourned the case till   July 26, 2021, for
consideration of bail application and October 6, 2021, for
trial.

The Economic and Financial Crimes Commission (EFCC), has
arraigned two persons before Justice D. V Agishi of the Federal
High Court, Jos, Plateau State, on a 31-count charge bordering on
conspiracy, money laundering and obtaining N908,108,974.52 million
by false pretence.

Those arraigned were Naankang Dawan, his companies, Taen Nigeria
Ltd and Lataen Engineering Ltd, and Moruf Tunji Olukanmi.

According to EFCC’s Head of Media and Publicity, in a statement
on Monday, the first defendant, Dawan, who allegedly inherited some
companies, including a petrol station from his family, connived
with some staff of First Bank, including the fourth defendant,
Olukanmi, to defraud costumers using a Point of Sale (POS) terminal
allocated to him.

Count two of the charge read, “That you, Naankang Dawan, being
the Managing Director and Chief Executive Officer of Taen Nigeria
Limited, Taen Nigeria Limited, Doyin Adesanya (at large), Samuel
Temitope Falese (at large), Ebenezer Oni Kehinde (at large) and
Mariam Babatunde Olabisi (at large) between October 2017 to
November 2017 within the jurisdiction of this honourable court,
with intent to defraud, manipulated First Bank of Nigeria Plc Point
of Sale (POS) terminal issued to Taen Nigeria Limited, and by so
doing fraudulently credited Tean Nigeria Limited Account Number:
2025956973, domiciled with First Bank Nigeria Plc, with the sum of
N908,108,974.52 (Nine Hundred and Eight Million, One Hundred and
Eight Thousand, Nine Hundred and Seventy Four Naira and Fifty Two
kobo) only, and thereby committed an offence contrary to Section
30(1) of the Cybercrime (Prohibition, Prevention, Etc.) Act,
2015.”

The defendants had pleaded not guilty to all charges, and based
on their pleas, prosecution counsel, Benjamin Manji, asked for a
trial date.

The prosecution counsel also asked that the suspects be remanded
at the Correctional Centre pending trial.

The defence counsel, A.G Yirvoms, however, informed the court of
a pending application for the bail of his clients.

Justice Agishi adjourned the case till   July 26, 2021, for
consideration of bail application and October 6, 2021, for
trial.