EFCC Arraigns Jamilu Dada for N24.5m Theft

The Economic and Financial Crimes Commission, EFCC arraigned one Jamilu Sani Dada on December 13, 2018 before Justice Y. Halilu of the Federal Capital Territory, FCT High Court, Maitama, on a one-count charge of theft to the tune of N24.5million, an offence punishable under section 287 of the Penal Code.

Jamilu was alleged to have fraudulently transferred the sum of N24, 500,000 (Twenty Four Million Five Hundred Thousand Naira) only from the account of Stealth Global Investment Limited where he was the Managing Director and Chief Executive, into his personal Bureau de change account without the consent of his investment partners and has refused to pay back the money. He was later arrested following his refusal to honour the invitation sent to him by the Commission.

The count reads: “That you Jamilu Sani Sada, while being the Managing Director and Chief Executive Officer of Stealth Global Investment Limited on or about the 25th day of November 2016 within the Judicial Division of this High Court, did commit an illegal act to wit, theft of the sum of Twenty Four million, Five Hundred Thousand Naira (24,500,000.00) only which you fraudulently transferred from Stealth Global Concept Investment Limited into your personal Baidiku Bureau De Change Ltd account and thereby committed an offence contrary to section 286(1) of the Penal Code Cap 532 LEN (Abuja) 1990 and punishable under section 287 of the same Law”.

He pleaded “not guilty” to the charge when it was read to him.

Prosecuting counsel, Mary Onoja, thereafter asked the court for a trial date and requested that the defendant be remanded in prison custody.

Defence counsel, Titilope Olumuyiwa, however sought the leave of the court to file bail application from the bar but was countered by Onoja saying, “my lord, the application is not ripe for hearing as I have just been served this morning”.

Justice Halilu while adjourning the matter to January 10, 2019 for hearing, refused to accept the bail application from “the bar” and ordered that the defendant be remanded in Kuje Prison.

Tony Orilade
Ag. Head, Media & Publicity
13th December, 2018

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