A female managing director and chief executive officer of a company has been docked by the EFCC for issuing dud cheques.
The Managing Director and Chief Executive Officer of Rafuyal Nigeria Limited, Faith Victor, has been dragged before Justice S. B Belgore of the Federal Capital Territory High Court sitting in Apo, Abuja, by the Economic and Financial Crimes Commission (EFCC), on account of issuing a dud cheque.
The financial crimes busters reports that Victor allegedly issued a cheque to the tune of N4.1m to one Ndanusa Shafii Abdullahi which upon presentation was dishonoured due to lack of funds.
The count as presented by the EFCC reads:
"That you, Mrs. Faith Victor being the Managing Director and Chief Executive Officer of Rafuyal Nigeria Limited on or about 20th of December, 2013, at Abuja within the Abuja Judicial Division issued a Guaranty Trust Bank Plc Cheque No. 00000240 dated 20th December, 2013 for the sum of N4,100,000.00 (four million, one hundred thousand naira) payable to Ndanusa Shafii Abdullahi which, when presented for payment within three months, was dishonoured on the ground that no sufficient funds were standing to the credit of the account on which the cheque was drawn and thereby committed an offence contrary to Section 1 (1) (a) of the Dishonoured Cheques (Offences) Act, Cap.D11 Laws of the Federation of Nigeria, 2004."
The accused who pleaded not guilty to the charge when it was read to her, was granted bail by Justice Belgore after listening to the argument of the counsel, in the sum of N5m and two sureties in like sum.
The case has been adjourned to March 31, 2015, for hearing.