The Federal High Court sitting in Lagos has ordered the Economic and Financial Crimes Commission to investigate an oil company, Danium Energy Services Limited, and its marketer, Kehinde Ogbor, for alleged fraudulent misrepresentations of fact.Justice Dehinde Dipeolu granted the order after entertaining an exparte application filed by the CBN-appointed management of Union Bank of Nigeria Plc through its lawyer, Adetunji Adedoyin-Adeniyi.
Union Bank had accused the defendants of allegedly fraudulently making false representations in the Memorandum of Settlement dated March 6, 2018, and the Terms of Settlement dated April 23, 2018, which was adopted as Consent Judgment of the court on April 25, 2018, with fraudulent title documents.
Justice Dipeolu further directed the Nigerian Immigration Service to flag the defendant’s International Passport or any travel document and or restrain him upon sighting at any international airport or any territorial border or any point of exit that can be used to depart Nigeria and present him to the court pending the conclusion of the criminal investigation by the EFCC.
The bank also alleged that the failure of the defendants to pay back the loan as agreed further increased their indebtedness, with accruing interest to N20.7 billion as of July 24, 2023.