EFCC Arrests Indian Man For Alleged N816.3m Fraud In Lagos

The Economic and Financial Crimes Commission (EFCC) has arrested an Indian man, Chandra Singh, over an alleged N816 million fraud in Lagos State.

Indian Man Chandra Singh Arrested For Fraud In Lagos

The Indian National was arraigned on Thursday before Justice I.O. Ijelu of the Lagos State High Court sitting in Ikeja, on a 19-count charge bordering on alleged retention of stolen property and bribery to the tune of N816,361,386.75.

The alleged offences are contrary to Section 328 and 411 of the Criminal Law of Lagos State 2011, and Section 83 of the criminal law of Lagos State 2011.

One of the counts reads: “That Chandra Prankash Singh, on or before 1st of January, 2021, within the jurisdiction of this Honourable Court, whilst in the employment of African Natural Resources and Mines Limited, solicited indirectly to confer undue advantage for your company, CVN Engineering Limited, in order that you influence your employee to award the supply of items costing N365,757,457.00 to CVN Engineering Limited.”

Another count reads: “That Chandra Prankash Singh, on or before 1st of January, 2021, within the jurisdiction of this Honourable Court, whilst in the employment of African Natural Resources and Mines Limited, solicited indirectly to confer undue advantage for your company, Neo Paints Nigeria Limited, in order that you influence your employee to award the supply of items costing N243,141,638.75 to Neo Paints Nigeria Limited.”

Singh is also alleged to have dishonestly retained the sum of $4,150 belonging to African Natural Resources and Mines Limited.

He pleaded “not guilty” to all the counts, and the prosecuting counsel, Bilikisu Buhari, prayed the court to remand the defendant at the Correctional Centre.

“We are also ready to open trial and have witnesses in court,” she said.

The defence counsel, Hassan Olanrewaju, however, informed the court of the bail application for his client, and requested a short adjournment to enable him prepare for the trial.

“I was only served with the amended information and proof of evidence this morning in court, and it will only be fair to be given time to prepare, ” he said.

Consequently, Justice Ijelu adjourned till November 30, 2022 for hearing of the bail application and commencement of trial. He also ordered that the defendant be remanded in the Ikoyi Correctional facility.

KanyiDaily had also reported how the National Drug Law Enforcement Agency (NDLEA) arrested an Indian businessman, Vyapak Nutal, for allegedly smuggling 134,700 bottles of codeine syrup into Nigeria.