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The Gombe Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arraigned one Festus Agbomodion before Justice A.M. Anka of the Federal High Court sitting in Yola, Adamawa State.
Agbomodion was arraigned on Thursday, January 24, 2024, on a two-count charge bordering on intent to defraud and obtaining money under false pretenses to the tune of N12,500,000 (Twelve Million, Five Hundred Thousand Naira only).
The Charges:
- Count one: Agbomodion is accused of obtaining N12.5 million from Mr. Johnson Seun Femi on January 2, 2019, in Yola, Adamawa State, with the false pretense that the money would be used to supply two trucks of diesel to Bretrogeen Enterprises Limited.
- Count two: Agbomodion, alongside one Okeke Magnus, is alleged to have retained the N12.5 million knowing it was obtained through illegal means (false pretenses) and thereby committed an offense punishable under the Money Laundering Act, 2011.
Plea and Next Steps:
- Agbomodion pleaded not guilty to the charges.
- The prosecution counsel, M.O. Labaran, prayed the court for a trial date.
- The defense counsel, S.O. Akporido, informed the court of an existing bail application for the defendant.
Bail Granted:
- Justice Anka granted Agbomodion bail in the sum of Five Million Naira with one surety in the same amount.
- The surety must reside and own landed property within the defendant’s community.
- Agbomodion was remanded in the Adamawa Correctional Centre pending the fulfillment of his bail conditions.
- The case was adjourned to February 29, 2024, for trial.
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