Globacom Charged With $6.8m Fraud

Globacom Limited, a telecommunications company, has been charged with an alleged fraud of $6,786,674.61 by the Economic and Financial Crimes Commission, EFCC. The company is being charged together with Ashok Israni, its Chief Marketing Officer.

“Ashok Israni and Globacom Limited, sometime in 2008 in Lagos, within the Ikeja Judicial Division, with intent to defraud, induced Emitac Mobile Solutions LLC, Dubai, United Arab Emirates to confer a benefit on you by permitting Emitac Mobile Solutions LLC to provide you with Blackberry solutions services, valued at USD 6,786,674.64 on the understanding that the benefit will be paid for, which pretence you knew to be false,” the count filed before Justice A.O. Williams read.

The company and Israni are being said to have violated Section 1(2)(3) of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14 of 2006.

The defendants failed to appear in court on Monday. A.B.C. Ozioko, the anti-graft agency’s counsel, said efforts was ongoing to produce Israni, who had been granted an administrative bail, in court.

The case has been adjourned until May 15, 2018.

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