Frank Karkitie, an oil marketer who allegedly defrauded the United Bank for Africa to the tune of N282.7 million and is currently being dragged to court alongside his company, Enegas Power Ltd, Dawodu Sheriff and Ogbemudia Benson. by the Economic and Financial Crimes Commission (EFCC).
They are facing a six-count charge bordering on conspiracy to obtain money by false pretences, obtaining money by false pretences, conspiracy to commit forgery and forgery.
According to the EFCC, Frank Karkitie and others mentioned above on April 14, 2014 in Lagos conspired to obtain money by false pretences from UBA.
“The defendants obtained an aggregate sum of N282.7 million from UBA by falsely representing to the bank that they had a Local Purchasing Orders with numbers DCT/07-031.
“The Local Purchasing Order was falsely claimed to be issued by Dangote cement firm at Obajana in favour of Enegas power limited for supply of Automotive Gas Oil (AGO) to the cement company which was a false representation.
“Between Jan. 28, 2014 to March 28, 2014 the defendants forged the stamp of Dangote Cement Transport, Obajana on Enegas Power Ltd’s purported letter to Dangote Cement Transport, dated Jan. 21, 2014.
“In order to facilitate the fraud, the defendants forged the stamp of Dangote Cement Transport, Obajana on Enegas Power Ltd.’s invoice no. LPO/NO-DCT/06-031 dated Feb. 28, 2014,” the EFCC prosecutor said.
The offences contravened Sections 1(3) and 8(c) of the Advanced Fraud and Other Fraud Related Offences Act of 2006 and Sections 363(1) and 409 of the Criminal Law of Lagos State of 2011.
The trail was stalled yesterday following the absence of a prosecution witness who was said to be writing a post graduate examination at the University of Lagos and could not make it to court.
According to Vera Agboje, the lead counsel for the Economic and Financial Crimes Commission (EFCC),she said the witness, who was expected to testify, was writing a postgraduate examination at the University of Lagos.
“My lord, I called the witness which I had prepared for this trial yesterday and he said he would be having his postgraduate examination today.
“He said the examination will be conducted from 9am to 12pm. My humble application before the court is for a stand-down to enable my witness to attend trial,” the counsel said.
Following the development, Justice Josephine Oyefeso, adjourned the case until Sept. 18 for trial.