Skip to main content

Kanu Nwankwo: Ayo Gam-Ikon stole over one billion naira from me


The clash between Kanu Nwankwo and his business partner,Ayo Gam-Ikon seems to be more than what friends can handle. Kanu and his brother has finally dragged the former banker to court over alleged fraud running to N1.4 billion (Naira)
Here is the news
Ex-Nigeria star Nwankwo Kanu has lost N1.4bn (about $104m) and a top executive of his hotel has been arrested and charged to court.
Managing director of Hardley Suites Hotel in Lagos, Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud, according to a PM News report.
Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos,  for allegedly stealing the N1.4bn belonging to the hotel owned by Kanu.
Also arrested along with him over the alleged fraud is
a hotel staff, Oke Samuel.
They were arraigned before an Igbosere Magistrate’s court on a 19-count charge of felony to wit, obtaining money under false pretence.
 The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4bn on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.
But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.
He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187m, N50m and N493m from Skye Bank Plc without authorisation.
The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.
The accused pleaded not guilty to all the charges.
The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the Directorate of Public Prosecution because the lower court lacks the jurisdiction to try the matter.
But the Chief Magistrate, O.O.  Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.
She admitted the first defendant to bail in the sum of N1m with two sureties in like sum.
One of the sureties must be the defendant himself; the other should be a civil servant on level 16.
She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.
She adjourned the matter till April 4 for mention.

Comments

Popular posts from this blog

SEX SCANDAL ROCKS TELECOM COMPANY,ZAIN IN NIGERIA

Sex is so sweet but dangerous when it is done with the wrong person.That was excatly the case as two staffers of a major telecom company in Nigeria were caught in the web of sex controversy recently.The people involved are alledgely married to different partners but alledge yet having sexual relationships for time now.Recently, news peddlers told http://www.niyitabiti.blogspot.com/ that they both decided to take their love nest to a foreign country. Just like the case of Anita Hogan, the Nollywood actress, they both decided to take pictures naked.Some of the photos were e-mailed to us but we decided to post just two so that we won't 'corrupt'your eyes. We further gathered that they later misplaced the memory card and it got into the wrong hands. Someone whispered that it got into the hands of a family member who immediately wired it to some press people. At the moment, we gathered that the two people have allegedly been sacked. Efforts to get the head of corporate affairs

EX-GOVERNOR AGAGU's DAUGHTER, SOLAPE WEDS BRIAN HAMMOND

[caption id="attachment_5361" align="alignleft" width="333" caption="Brian Hammond & Solape Agagu on their wedding day"] [/caption] Solape the first daughter of ex governor Agagu of ondo state is married. She wedded Brian hammond, younger brother of Cecil hammond May 2011. Solape is 33 and a consultant while Brian is 31 and an engineer in a private firm. They were introduced together by Paula,Kojo Annan's ex who's also Brian's sister and solape's friend. One of those that attended the wedding disclosed to gistmaster.com that the ceremony was devoid of unnecessary display of opulence and extravagance. " It has nothing to show it's wedding of an ex governor's daughter. Just a regular posh wedding" Related Links Governor's Daughter who washes toilets Actress Mercy Johnson opens up on her upcoming wedding and date Seun Olubukola and Niyi Adewunmi's wedding photos Bolanle Sokunbi and Folahan Aboderin wed

CHARLY BOY DENIES GAY AND ILLUMINATI STORY,VOWS TO TAKE NEWSPAPER TO COURT

  Controversial entertainer and head honcho of the popular Charly Boy show,Charles Oputa has denied the recent report making the rounds that he is gay and head of illuminati in Nigeria. Charly Boy described the info published in some newspaper as total misinformation. Only a lunatic