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P’Harcourt frontline lady, two firms docked for N179m fraud

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ECONOMIC and Financial Crime Commission, (EFCC) has reportedly arraigned  Nkechi Mercy Ikogwe before Justice E.A. Obile of the Federal High Court sitting in Port Harcourt, Rivers State, on a three- count charge over alleged N179 million fraud.

The culprit was brought to book on Monday alongside two companies, Elites Finance Investment Limited and Efinc Global Investment Limited,  disclosed that she used the sum of N139, 704,097 out of the N179 million fraud money to engage in sport betting and also paid a tithe of N1 million to an unidentified church in Port Harcourt.

 EFCC arraigned the culprit and two others, accusing them of deceiving their victims into participating in a fraudulent investment scheme with pretense of a fake promise of 15 per cent return on investment.

 before the court of law on a three-count charge of conspiring and obtaining money by false pretense contrary to Section 1(1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006 and punishable under Section 1 (3) of the same Act.

One of the counts against the defendants read: “That you Nkechi Mercy Ikogwe, Elites Finance Investment Limited and Efinc Global Investment Limited sometime in 2019 in Port Harcourt, Rivers State within the jurisdiction of this honorable court with intent to defraud, obtained the sum of N179, 326,386.62 by inducing unsuspecting members of the public to invest with your companies. Elites Finance Investment Limited and Efinc Global Investment Limited, assuring them under a false pretense of making 15% interest on all investment made, a representation you knew to be false and thereby committed an offence contrary to Section 1(1) (a) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006 and punishable under Section 1 (3) of the same Act.”

According to the judicial proceeding, Justice Obile ruled Ikogwe be remanded in prosecution’s custody as the sitting was adjourned till October 19, 2020 for determination of the bail application.

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