A Port Harcourt High Court has remanded in prison custody two suspects, Aso Adasa Morrison and Frank Biobarakuma, who are charged with conspiracy, forgery and fraud, until the next hearing of their case on May 24 and 27.
Morrison and Biobarakumo were brought before the court by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), allegedly for defrauding a Korean, Jung Yongmin, of about N57m between March 2012 and February 2013.
According to the ICPC, the accused persons and others still at large conspired to receive from Mr. Yongmin, (trading under the name and style of Kunyang Frontiers Holdings Inc), the sum of USD 260,000 vide GTB Bank Account No 0123149230 of River Nun Marine Shuttle domicile in Port Harcourt under the pretext of the sale of two million barrels of Nigerian Light Crude Oil to the said company.
The suspects were also accused of fraudulently receiving another sum of USD120,000 vide UBA account No. 3001561734 of Charter Marine Ltd domicile in Port Harcourt under the pretext of the sale of two million barrels of Nigerian Light Crude oil to the said company, contrary to the provisions of the ICPC Law.
The accused are also alleged to have between March 2012 and February 2013, forged a document titled ‘Cargo On Board MT Front Scilla,’ addressed to Mr. Jung Yongmin, attesting to the authenticity of the sale of the two million barrels to company, as well as forging a document titled ‘Notary Letter of Guarantee.’
The two men pleaded not guilty to the charges. In a counter application to their oral application for bail, the ICPC said the accused should be refused bail on the ground that the offence was serious and if let loose they could continue to commit similar offences.
Justice George Will agreed.