• Home
  • About Us
  • Contact Us
Thursday, September 3, 2026
Star Lite News
  • Home
  • News
    • All
    • Business
    Tinubu

    Tinubu Leaves Abuja As Three-Week Break Begins

    Bola Tinubu

    Tinubu Gives US Court Four Reasons FBI, DEA Records Should Stay Sealed

    NiMet

    Heavy Rainfall Threatens 22 States, FCT as FG Issues Urgent Flood Safety Advisory

    Tinubu

    Nigeria-South Africa Tensions Deepen as Tinubu Reportedly Snubs Ramaphosa’s Envoy

    FRSC

    Federal High Court Rules FRSC Lacks Authority on State, Local Roads

    Nigerian

    FG Repatriates Another 271 Nigerians From South Africa Amid Ongoing Anti-Immigrant Protests

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Dolly Parton

    Dolly Parton Dies at 80 After Decades of Music and Giving Back

    Ogogo

    Yinka Quadri Breaks Down as Nollywood Stars Gather for Ogogo’s Burial (Photos)

    Ogogo

    Nollywood Mourns Ogogo: Burial Date, Time And Venue Announced

    Taiwo Hassan

    Nollywood Veteran Actor Taiwo Hassan ‘Ogogo’ Dies At 66

    JaceBen

    Why JaceBen Says Playball 2026 Could Change Everything

    Dimbo Atiya

    Filmmaker Dimbo Atiya Dies, Nollywood Colleagues Mourn

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Tinubu

    Tinubu Leaves Abuja As Three-Week Break Begins

    Bola Tinubu

    Tinubu Gives US Court Four Reasons FBI, DEA Records Should Stay Sealed

    NiMet

    Heavy Rainfall Threatens 22 States, FCT as FG Issues Urgent Flood Safety Advisory

    Tinubu

    Nigeria-South Africa Tensions Deepen as Tinubu Reportedly Snubs Ramaphosa’s Envoy

    FRSC

    Federal High Court Rules FRSC Lacks Authority on State, Local Roads

    Nigerian

    FG Repatriates Another 271 Nigerians From South Africa Amid Ongoing Anti-Immigrant Protests

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Dolly Parton

    Dolly Parton Dies at 80 After Decades of Music and Giving Back

    Ogogo

    Yinka Quadri Breaks Down as Nollywood Stars Gather for Ogogo’s Burial (Photos)

    Ogogo

    Nollywood Mourns Ogogo: Burial Date, Time And Venue Announced

    Taiwo Hassan

    Nollywood Veteran Actor Taiwo Hassan ‘Ogogo’ Dies At 66

    JaceBen

    Why JaceBen Says Playball 2026 Could Change Everything

    Dimbo Atiya

    Filmmaker Dimbo Atiya Dies, Nollywood Colleagues Mourn

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Banking News

GTBank Allegedly Hit By N125m Fraud, EFCC Moves In

starliteadmin by starliteadmin
June 2, 2023
in Banking News
0
GTBank
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

A businessman Andrew Warri who was alleged to have defrauded GTBank sum of N125 million was re-arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Olubusola Okunnuga of the Special Offences Court, sitting in Ikeja, Lagos.

The defendant was arraigned alongside two other companies; A.M.Projects Consultancy Limited and Ranez Medical Consultancy Limited on a five-count charge bordering on stealing, obtaining by false pretence, and issuance of dud cheques.

After listening the charge preferred against him, Andrew Warri pleaded ‘not guilty’ to the charge.
In view of his plea, the prosecution counsel, Abubakar Usman, asked the court to fix a date for trial. He further asked the court to remand the defendant in a Correctional Facility, adding that the prosecution was ready to prove its case against the defendants.

However, the defence counsel, A. M. Makinde (SAN) prayed the court to allow the defendant to continue on the earlier bail granted him by the previous trial judge, as he has not violated any of the conditions.
In his objection the prosecutor argued that the matter is starting de novo (afresh) and therefore, he should re-apply for bail, noting that the defendant is a flight risk.

Ruling on the bail application, Justice Olubusola Okunuga held that the defendant should continue to enjoy the earlier bail granted to him as he had not violated the conditions.

Earlier before his re-arraignment, the prosecutor had informed the court that the Commission had an amended charge against the defendant following the ruling of “No Case Submission” which discharged the defendant of counts one and two.

Recall that Justice Sherifa Solebo of the same court had delivered the ruling before she retired from the bench, and the case was subsequently transferred to Justice Okunnuga for trial.

According to the ruling, Warri was discharged and acquitted on counts one and two of the charge, while the court said he has case to answer on counts three to six and therefore ordered him to defend himself on the said counts.

One of the counts reads: “Andrew Warri, A.M. Projects Consultancy Limited, sometime in May 2012 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, fraudulently obtained the sum of N125,000,000 from Guaranty Trust Bank Plc under the guise that the proceeds of the Rural Health Care and Referral contract with Niger Delta Development Commission (NDDC) will be domiciled in your account with Guaranty Trust Bank, the said pretense you knew, or ought to have known is false.”
Another count reads: “Andrew Warri, Ranez Medical Consultancy Limited, on or about 28th October 2018 in Lagos, within the jurisdiction of this Honourable Court, issued a Zenith Bank cheque for the sum of N10,000,000 payable to A.M. Projects Consultancy Limited, in favor of Guaranty Trust Bank, which upon presentation for payment was dishonored on the grounds that no sufficient funds were standing to your credit.”

Tags: Economic and Financial Crimes CommissionEFCCGTBankJustice Olubusola OkunnugaSpecial Offences CourtStarlitenews
Previous Post

Wema Bank SME Business School Trains 250 SMEs in Benin City

Next Post

Just In: NLC to embark on strike Wednesday

starliteadmin

starliteadmin

Related Posts

Access Bank

How VDM Helped Rita Recover Her Missing ₦3.2m From Access Bank (Video)

by starliteadmin
September 2, 2026
0

A Nigerian woman, identified as Rita, has reportedly recovered ₦3.2 million she claimed disappeared from her savings account with Access...

OPay

OPay eyes NGX listing amidst $4bn US IPO

by starliteadmin
September 1, 2026
0

OPay is considering a listing on the Nigerian Exchange (NGX), even as the fintech reportedly prepares for a potential initial...

Access Bank

Access Bank Silent As Customer Claims Millions Vanished From Account

by starliteadmin
August 29, 2026
0

Nigeria’s commercial banking giant, Access Bank, has yet to publicly comment on allegations surrounding the disappearance of millions of naira...

UBA

After Elumelu, UBA Names Veteran Banker to Lead Group

by starliteadmin
August 28, 2026
0

The United Bank for Africa Plc (UBA) has welcomed Emmanuel Nnorom as its new Group Chairman, days after he officially...

Opay

Standard Bank Mulls Stake in OPay Before Wall Street Listing

by starliteadmin
August 19, 2026
0

Standard Bank Group Ltd. is reportedly in talks to acquire a stake in Nigerian fintech giant OPay Digital Services Ltd....

Zenith Bank

Nigerians In Canada Get New Banking Opportunity As Zenith Expands Reach

by starliteadmin
August 16, 2026
0

Zenith Bank Plc, a Tier-1 capital bank, has called on Nigerians and other nationals in Canada to join its agents...

Next Post
NLC-TUC

Just In: NLC to embark on strike Wednesday

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • “False Allegations Won’t Stop My Rising Image” – Chukwudi Samuel

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Union Bank’s alpher empowers 98 women entrepreneurs with skills, mentorship, funding
  • How VDM Helped Rita Recover Her Missing ₦3.2m From Access Bank (Video)
  • OPay eyes NGX listing amidst $4bn US IPO
  • ACAMB Mourns Veteran Journalists, Dotun Oladipo, Sola Olugbemiro, Sylvester Enoghase
  • #DangoteRefineryImpact: Nigerians recount ‘dark days’ of long fuel queues
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/06/28/adeleke-dynasty-releases-list-of-heavyweights-who-stormed-davido-and-chiomas-chivido2024-wedding/
  • https://starlitenews.com.ng/2024/06/14/fg-declares-monday-and-tuesday-public-holidays-for-eid-ul-adha-celebration/
  • https://starlitenews.com.ng/2024/07/04/tier-1-banks-report-2024-access-holdings-leads-in-pbsi-ranking/