“It alleged that sometime in 2019, the Tropical Merchant Limited applied for a short term credit loan facility for the sum of N30m, which was approved and disbursed into the second defendant’s Ecobank account.
“The facility was for one year tenure. But after the expiration, the defendants failed to return the said facility.” The defendants were charged with 11 counts bordering on conspiracy to steal, stealing, obtaining under false pretences and use of false documents. The first defendant was discharged and acquitted, while the second defendant was convicted of the charges.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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