EFCC re-arraigns First Nation Airways MD over N2.1bn fraud

Kayode-Odukoya of First Nation Airways

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned the managing director of First Nation Airways Ltd. Kayode Odukoya for alleged N2.1 billion fraud.

Mr Odukoya was re-arraigned before an Ikeja Special Offences Court on a seven-count charge.

The EFCC had on March 15, 2018, arraigned the defendant before the same court for allegedly fraudulently obtaining a credit facility worth of N2.1 billion from the defunct Skye Bank, now Polaris Bank.

The defendant, also the managing director of Bellview Airline, was arraigned at the time on a four-count charge of forgery, use of false document, perjury and stealing of N1.7 billion.

He, however, pleaded not guilty and was granted bail.

On Monday, the anti-graft agency re-arraigned the defendant on a seven-count charge bordering on forgery, use of false document, perjury, stealing and obtaining credit by fraud. He also pleaded not guilty.

Defence counsel Edoka Onyeke appealed to the court to allow his client to continue on bail granted him on his first arraignment.

Justice Mojisola Dada granted Onyeke’s request and adjourned the case until February 15 for Odukoya to begin defence.