Ex- Navy Captain Docked For N90m Fraud

A retired Navy Capt. Jerry Ogbonna, 63, who is alleged to have defrauded two banks of N90 million, was on Monday remanded in the custody of the Economic and Financial Crimes Commission (EFCC).

Ogbonna was arraigned alongside his company Obyke Consult Limited before Justice Oluwatoyin Ipaye for allegedly defrauding Fidelity Bank of N45 million between April and August 2012.
Miss Zainab Ettu, counsel to the anti-graft agency, said that Ogbonna allegedly committed the crimes between April and August 2012.
She said the defendants had claimed that the money was meant for mobilisation fee for the Department of Petroleum Resources.
Ettu alleged that within the period, Ogbonna fraudulently received N45 million from Fidelity Bank and another N45 million from Diamond Bank.
She said the accused claimed that the money was mobilisation fees from the Department of Petroleum Resources (DPR).
Ogbonna, who is facing a two-count charge of stealing and fraud, pleaded not guilty.
Justice Ipaye ordered him to be remanded in EFCC custody before adjourning the matter till July 4 and 5 for trial.