EFCC arraigns Cecilia Osipitan for N6bn PHCN insurance benefit fraud

  The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director of PJO Ventures Limited, Cecilia Osipitan. She is ...

 

The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director of PJO Ventures Limited, Cecilia Osipitan.

She is being tried along with PJO and Insurance Resourcery and Consultancy Services Limited before Justice U. P. Kekemeke of the Federal Capital Territory High Court in Maitama, Abuja.

Osipitan faces a nine-count charge bordering criminal breach of trust, conspiracy and conversion of public funds to the tune of N6billion.

EFCC said the money was meant for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of the defunct Power Holding Company of Nigeria (PHCN).

Osipitan’s offence contravened Section 311 of the Panel Code Act Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004 and punishable under Section 312 of the same Act.

The defendant pleaded not guilty when the charges were read.

Justice Kekemeke granted her bail in the sum of N500million with two sureties in like sum.

The sureties must be federal civil servant, a religious leader or a member of the National Assembly residing and own landed properties in Abuja.

Kekemeke adjourned until January 20, 2022 for commencement of trial.

COMMENTS

INNER POST ADS 2

Name

BBNaija,2808,Business,2744,CampusGist,1036,Celeb,4898,celebrities,240,Comedy,8,CONFESSION,11,Education,2471,Entertainment,6374,Fashion,367,Featured,626,Gist,2037,Health,732,Interview,1,Job,3,Lifestyle,874,Music,154,MY STORY,37,News,88014,Opinion,978,Poem,10,Politics,14462,Relationship,210,Sponsored Contents,31,Sports,18703,Style & Travel,47,Success Stories,265,Technology,342,Video,114,
ltr
item
Saga Gist - Top Source for Nigeria News: EFCC arraigns Cecilia Osipitan for N6bn PHCN insurance benefit fraud
EFCC arraigns Cecilia Osipitan for N6bn PHCN insurance benefit fraud
https://dailypost.ng/wp-content/uploads/2021/10/IMG_20210322_085712-1.jpg
Saga Gist - Top Source for Nigeria News
http://www.sagagist.com.ng/2021/10/efcc-arraigns-cecilia-osipitan-for-n6bn.html
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/2021/10/efcc-arraigns-cecilia-osipitan-for-n6bn.html
true
3363430711841052055
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content