EFCC arraigns Macmillan Publishers, Professor for $922m Fraud
The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) has taken a major step in their ongoing efforts to combat corruption and financial crimes, with the recent arraignment of Macmillan Nigeria Publishers, Professor Adesanya Iyiola Adelekan, and Bola Fasasi for their alleged involvement in a $922 million fraud case.
On Thursday, February 2, 2023, the three defendants appeared before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, where they were charged with six counts of conspiracy and obtaining by false pretence.
According to the EFCC, the defendants are accused of obtaining the massive sum of $922 million (Nine Hundred and Twenty-two Million United States Dollars) through illegal means.
The charges against Macmillan Nigeria Publishers, Professor Adesanya Iyiola Adelekan, and Bola Fasasi are serious and have caused concern among members of the public and the business community.
During the court hearing, the prosecution presented evidence to support their claims, including documents and witness testimony. The defense team, on the other hand, argued that their clients were innocent of the charges and that the EFCC had not provided sufficient evidence to support the allegations.
The case has been adjourned until a later date, and the defendants have been granted bail under strict conditions. The next court hearing will provide an opportunity for both sides to present further evidence and make their arguments in front of the judge.©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.