1:7Billion Fraud: Judge Orders First Nation Airlines MD, Kayode Odukoya To Be Kept In Prison


Mr. Kayode Odukoya
Mr. Kayode Odukoya.

Mr Kayode Odukoya  the M.D of First Nation Airlines was eventually brought before a special offences court today  by the EFCC. You would recall that the First Nation Airlines M.D  Mr Kayode Odukoya had failed to appear in court before at least on three different  occasions.

However, the EFCC waas today finally  able to produce  Mr Odukoya in court  after he reported himself on Wednesday at the EFCC office in Lagos.

He was arraigned on four count charge of theft of N1.7 billion and forgery of Certificate of Occupancy issued by the Lagos State Government.

----- Download Omega News App -----

The EFCC alleged that the CEO of the airlines forged the Memorandum of Loss of Lagos State Certificate of Occupancy registered as No. 33 at page 33 volume 1011 at the Lagos State Land Registry, Alausa, Lagos, in order that the document be acted upon as genuine and that the forged document was in respect of a property located at No. 29, Oduduwa St., Ikeja GRA, Lagos.

Odukoya is alleged  to have used the false document and also gave false information on oath concerning the loss of the certificate of occupancy at the Lagos State Land Registry.

The anti-graft commission also said that on October 7, 2016, Odukoya stole and dishonestly converted to his own use N1. 7 billion belonging to Skye Bank contrary to Sections 85, 86(1) 278(1)(b), 285, 361(1),(a) (b), 363 and 364(1) of the Criminal Law of Lagos State 2011 .

At the end of today”s hearing , Justice Mojisola Dada ordered that the defendant be kept in custody of the EFCC till 26th March, 2018  when he will rule on the bail applications of Mr Odukoya following arguments and counter arguments by counsel to the Odukoya and that of EFCC.