The Lagos State Government has dragged former Director-General of the Nigerian Stock Exchange, Prof.Ndi Okereke-Onyiuke, Alhaji Lance Musa Elakama and six others before a Lagos High Court over an alleged theft of N3, 301, 000, 000.
The suits before Justice Christopher Balogun also have Creative Financial Services Limited, Mining System Limited, OPDC Properties Limited, OAK Business and Finance Company Limited, Uzoma Henry Onyekuru (m) and Kingdom Securities and Finance Company Limited as co-defendants.
The two separate suits with numbers LCD/157/2011 and LCD/158/2011, signed by the Director of Public Prosecution, Lagos State, Mrs Olabisi Ogungbesan on behalf of the Attorney-General Lagos State bother on conspiracy and stealing contrary to Sections 516 and 390 (7) of the Criminal Code of Lagos State Cap C17, Vol. 2 Laws of Lagos State 2003.
However, none of the defendants was in court hence they could not be arraigned as the Police was yet to effect their arrest and bring them to court.
Principal State Counsel, Femi Adamson told the court that effort made by the police to arrest the defendants has not yielded any positive result.
He said information from the Police authority revealed that some of the defendants were outside the jurisdiction of the court. He said efforts were being made to arrest them.
In suit number LCD/157/2011, it was alleged that Okereke- Onyiuke and her deputy Alhaji Lance Elakama as officers of the Nigerian Stock Exchange and Mining Systems limited on or about June 20, 2008 at the Nigerian Stock Exchange Building with intent to defraud conspired to steal the sum of N455 million property of the Nigerian Stock Exchange.
