Justice Olabisi Akinlade, of an Ikeja High court, was, yesterday, told how the embattled former president of Aguiyi Ironsi International Market, known as Ladipo Market, Jonathan Okoli, allegedly failed to remit the sum of N46million trade permit to Lagos State Motor Vehicle Association Agency, MVAA.
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This was exclusive of other funds he allegedly collected on behalf of the market's association, but allegedly converted to his personal use.
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A prosecution witness, Anthony Mark, led in evidence by the Economic and Financial Crimes Commission, EFCC, counsel, Anselem Ozioko, said the defendant only remitted fund he allegedly collected from 430 shops instead of about 1,500 to government's coffers.
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According to the witness, "In 2007 the Agency confirmed through the letter written to the association that he (defendant) only paid N700,000 out of the N8.7 million made that year."