The Economic and Financial Crimes Commission (EFCC), yesterday, said it has arraigned one Eronini Iwunze before Justice G.U Umar of the Federal High Court, sitting in Umuahia, on a two count charge of obtaining money under false pretence and illegal operation of a financial institution. The accused person is the Managing Director of BRC Sure Access Limited, located at 136 Tenant Road (3rd Floor) Aba, Abia State.
In a statement by its spokesman, Wilson Uwujaren, EFCC said that the accused person who pleaded not guilty to the two count charge was however granted bail by the trial Judge even when the prosecution counsel, Innocent Mbachie opposed the bail application on the grounds that the suspect could jump bail.
The Judge was quoted by the statement to have granted the suspect bail in the sum of N2million with one surety in like sum. The surety, who must not be less than a grade level 17 officer in the civil service, will produce a certificate of occupancy of a landed property within Abia State.
Iwunze’s arraignment followed a petition by Mr. James Ogbuka who alleged that he was lured into fixing N2million in his financial establishment (Supra) with a promise of 15 percent interest at the expiration of 180 days tenor.
Based on the agreement between the two, the petitioner on November 2, 2009, fixed the said sum in the name of his brother, Ozuru Emmanuel Anyim. But at the expiration of 180 days tenor the accused person, Iwunze, failed to live up to expectation. The suspect neither paid the initial capital
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