Alleged N1.7n Fraud: First Nation MD, Kayode
Odukoya Knows Fate Dec 1
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Wednesday, October 11, 2023, adjourned till December 1, 2023 for judgment, an alleged N1.7n fraud case involving Kayode Odukoya, Managing Director and Chief Executive Officer of First Nation Airways Limited.
Odukoya is facing trial, alongside First Nation Airways Limited and Belleview Airlines Limited on seven-count charges bordering on forgery, use of false document, perjury, stealing and obtaining credit by fraud, contrary to Section 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.
One of the counts reads: "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."