Alleged Forgery, Mortgage Fraud: FCMB, Others for Arraignment March 11

A Lagos State Special Offences Court in Ikeja has scheduled March 11 for the arraignment of First City Monument Bank (FCMB) and three other defendants over allegations of forgery and mortgage fraud.

The other defendants in the case are Okogun Polycarp, Batik Line International Limited, and Bolaji Adebajo.

Justice Ismail Ijelu fixed the date after the accused individuals failed to appear before the court for trial.

According to Daniel Apochi, counsel for the Nigeria Police Special Fraud Unit, the defendants had been informed of their arraignment. 

However, since they were absent, the prosecution requested an adjournment to allow the court sheriff to serve them formally.

Forgery and Fraud Allegations

The Special Fraud Unit had filed a four-count charge against the defendants, including conspiracy to commit a felony, forgery, and fraudulent conversion, offences that violate Section 411 of the Lagos State Criminal Law, 2015.

According to the PSFU, between 2008 and 2009, the defendants conspired to forge the signature of Mrs Grace Adenike Akinwusi on key legal documents, including an authority to create a legal mortgage, a deed of assignment, an irrevocable power of attorney, and a memorandum of understanding.

These forged documents were allegedly used to fraudulently convert her property at No. 5B, Sasegbon Street, GRA, Ikeja, Lagos.

Charges Against FCMB and Others

The second charge accuses the defendants of forgery under Sections 363(1)(a), (b), and 368(3)(d) of the Lagos State Criminal Law, 2015.

The third charge pertains to fraudulent use of false documents under Section 366(1), while the fourth count alleges theft under Sections 280(1)(6), 280(1)(2), and 287.

The prosecution claims the defendants dishonestly converted Akinwusi’s property for personal use through forged documents.

The case is set to continue on March 11, when the defendants are expected to appear for arraignment.

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