EFCC Arraigns Man for Issuance of N16.5m Dud Cheque

The Abuja Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has  arraigned one Oluwabusayo Ekundayo before Justice A.S. Adepoju of the Federal Capital Territory, FCT,  High Court Gwagwalada, Abuja for issuance of dud cheque to the tune of N16, 650,000 (Sixteen Million, Six Hundred and Fifty Thousand Naira only).

He is being prosecuted on a two-count charge.

Count one reads: “That you Oluwabusayo Ekundayo sometime in 2022 in Abuja, within the Judicial Division of the  High Court of the Federal Capital Territory, being the CEO/Chairman of Orion Surgical and Satures,  did  obtain from one  Clara  Onwumere the sum of N4,650,000.00 (Four  Million, Six Hundred and Fifty Thousand Naira), by means of cheque  which  when presented within three months, would be dishonoured on the ground that no sufficient funds were standing to the credit of the account upon which the cheque was drawn and you thereby committed an offence contrary Section 1(1)(b) of Dishonoured Cheque (Offences) Act 2004 and punishable under section 1(1)(b)(i) of the same Act.”

Count two reads: “That you Oluwabusayo Ekundayo within the Judicial Division of the  High Court of the Federal Capital Territory, being the CEO/Chairman of Orion Surgical and Satures,  did  obtain credit from one Clara  Onwumere in the sum of N12,000,000.00 (Twelve Million Naira only) which  when presented within three months, would be dishonoured on the ground that no sufficient funds were standing to the credit of the account upon which the cheque was drawn and you thereby committed an offence contrary Section 1(1) (b) and punishable under Section 1(1)(b) of Dishonoured Cheque (Offences) Act 2004 and punishable under section 1(1) (b) (i) of the same Act.”

He pleaded not guilty to the charges when they were read to him,  prompting prosecution counsel, Joyce Audu to request a trial date.

Trial has since commenced in the matter.