The Economic and Financial Crimes Commission, EFCC today March 18, 2015 arraigned one Victor Udeh before Justice A.M Bayero of State High Court Kano on one count charge bordering on issuance of dud cheque to the tune of N2,300,000.00 ( two million, three hundred thousand naira ).
Udeh who is the managing director of Vidoc Universal Concepts Limited Kano got a N2million facility from an old generation bank and was required to repay the loan along with the interest before May 30, 2012. He consequently issued a post dated cheque No. 2772654 (May 26, 2012) which, upon presentation, was returned unpaid due to insufficient funds in the account.
The charge reads: “That you Victor Udeh (m) and Vidoc Universal Concepts Limited on or about 26th May, 2012 within the jurisdiction of the High Court of Justice, Kano state did issue a UBA Bank cheque No. 1012667320 in the sum of N2,300,000.00 ( two million three hundred thousand Naira) to UBA Nigeria Plc which when presented sometime in July, 2012 was dishonoured on the ground that no sufficient funds were standing to the credit of the account upon which the cheque was drawn and you thereby committed an offence contrary to Section 1(1) (a) and punishable under Section 1 (1)(b)(i)(ii) of the Dishonoured Cheques (Offences) Act”.
He however pleaded not guilty and his counsel, Charles Asukwa urged the court to admit the accused to bail.
But Justice Bayero ordered that the accused be remanded in prison custody and adjourned to March 25, 2015 for ruling on his bail application.
Media & Publicity Unit
18th March, 2015
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