Home > Business > Aviation > Kayode Odukoya, First Nation Airways MD Remanded Over Alleged N1.7bn Fraud

Kayode Odukoya, First Nation Airways MD Remanded Over Alleged N1.7bn Fraud

An Ikeja Special Offences Court today ordered the remand of Kayode Odukoya, Managing Director, First Nation Airlines over alleged theft of N1.7 billion.

Justice Mojisola Dada ordered that the accused be remanded in the custody of the Economic and Financial Crimes Commission (EFCC).

First Nation and Bellview Airlines are joined in the suit as second and third defendants.

“This case is adjourned till March 26, for the hearing of the bail application,” Justice Dada said.

Following the order, Odukoya was led away from the court room by two uniformed officials of the EFCC.

“My Lord, I urge the court to remand the defendant pending the trial date.

“On three occasions prior to today’s proceedings, the defendant had frustrated his arraignment,” PM News quoted him as saying.

However, Mr John Odugbela, counsel to Odukoya informed the court that he had filed application for the bail of his client, which has been served on the prosecution.

“The defendant will not jump bail,” Odugbela added.

According to the EFCC, Odukoya committed the offences of forgery, use of false document and perjury on March 21, 2013.

The EFCC alleged that the accused 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.

The forged document was in respect of a property located at No. 29, Oduduwa St., Ikeja GRA, Lagos.

Odukoya is alleged by the EFCC 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 Oct. 7, 2016, Odukoya stole and dishonestly converted to his own use N1.7 billion belonging to Skye Bank.

The offences violate Sections 85, 86(1) 278(1)(b), 285, 361(1),(a) (b), 363 and 364(1) of the Criminal Law of Lagos State 2011.

Odukoya and his legal team had shunned his arraignment in court on three prior occasions.

Following Odukoya’s absence in court on March 9, Justice Dada had rescheduled April 9, for his arraignment.

He was, however, brought to court earlier than scheduled by the EFCC.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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