ECONOMIC and Financial Crimes Commission, EFCC, yesterday, re-arraigned the managing director/chief executive officer of First Nation Airways Limited, Kayode Odukoya, before an Ikeja Special Offences Court over allegations of a forged memorandum of loss of Lagos State certificate of occupancy and N1.7 billion fraud before Justice Mojisola Dada.

Odukoya was arraigned alongside his companies, First Nation Airways Limited and Bellview Airlines Limited, on a seven-count charge bothering on forgery, use of the false document, perjury, stealing, and obtaining credit by fraud contrary to sections 85(1), 86(1), 278(1)&(b), 285(1), 313(1)(a) &(b),361(1)(a)& (b),363 (1) and 364(1) of the criminal law of Lagos State of Nigeria 2011.

The prosecuting counsel for the EFCC, Nnaemeka Omewa, informed the court that based on the amended information, the commission would like the defendant to take his plea again.

The EFCC alleged the defendant fraudulently obtained the credit of N100million from the defunct Skye Bank Plc (now Polaris Bank) and made the bank to incur liability by presenting a memorandum of Loss of Lagos State Certificate of occupancy registered as No.33 of page 33 in Volume 1011 at the Lagos State Registry, Alausa, Ikeja in respect of the property is situated at No. 29 Oduduwa Street, Ikeja GRA, Lagos State.

“Kayode Odukoya and First Nation Airways on or about the 29th day of August 2013 In Lagos within the Ikeja Judicial Division by means of fraud obtained the credit of N307,268,406.43 for yourselves from Skye Bank Plc (Now Polaris Bank Ltd) and made the bank to incur liability by presenting a memorandum of Loss at Lagos State certificate of occupancy registered as No.33 at page 33 in Volume 1011 at the Lagos State Registry, Alausa, Ikeja in respect of property being and situate at No. 29 Oduduwa Street, Ikeja GRA. Lagos State.

“Kayode Odukoyo, First Nation Airways Limited and Bellview Airlines Limited on or about the 7th day of October 2016 in Lagos within the Ikeja Judicial Division dishonestly converted for your own use the sum of
N1,741.994.962.04 property of Skye Bank now Polaris Bank,” the charge read.