LAGOS EYE NEWS

N40m Loan: Court Adjourns Trial of Abuja School Proprietor Till Oct 5|LAGOS EYE NEWS

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Justice Peter Kekekmeke of the Federal Capital Territory High Court, Nyaya has adjourned the trial of one Dr. George Odabi, along with his company, Deo Gratias International School Limited, Abuja till October 5, 2020.

The defendant is facing prosecution by the Economic and Financial Crimes Commission, EFCC on a three-count charge, bordering on breach of trust and issuance of dud cheque to the tune of N27 million (Twenty-seven Million Naira), issued in seven post-dated cheques of Zenith Bank Plc.

Dr. Odabi as the managing director of his school is alleged to have in September 2013, secured a N40 million (Forty Million Naira) loan from one Mrs. Egbunola Ogungbesan for the school’s renovation but breached the agreement to pay back.

One of the charges read: “That you, Dr George Odabi, being the owner and chief executive officer of Deo Gratias International School Limited, sometime in September, 2013 in Abuja, within the jurisdiction of the High Court of Federal Capital Territory, with knowledge that you had insufficient funds in your account, issued to one Egbunola Ogungbesan a Zenith Bank cheque dated 30th September,2013 with account name Deo Gratias International Limited for the sum of N9, 000, 000 (Nine Million Naira) which said cheque when presented for payment within three months of issuance was dishonoured due to insufficient funds in your account and thereby committed an offence punishable under Section 1(1)(b)(i)of the Dishonoured Cheques Offences Cap D11 Laws of the Federation of Nigeria Act 2007.”

He pleaded not guilty to all the charges, thus prompting his trial.

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