EFCC Docks Entertainer for Dud Cheque

The Economic and Financial Crimes Commission, EFCC, Abuja Zonal Command today, December 7, 2021, arraigned one Simon Oshi, a 28-year-old businessman and entertainer before Justice N. Osun -Adebiyi for alleged issuance of dud cheque, IgbereTV reports.

The defendant was alleged to have received 400 pieces of iPads from Aweskim Technologies Limited and issued a cheque of N38,000,000:00 (Thirty-Eight Million Naira) only to the supplier as consideration for payment, but the cheque was returned unpaid due to insufficient funds standing to the credit of the drawer.

PrinceOfLagos:
This guys should stop giving Yoruba a bad name

It's either they are mining human skulls for ritual purposes or they are commiting fraud

We are tired

ObaOfUyo:
[s][/s]

Stop viewing every thread through the eyes of Tribalism


Get a brain

slawormiir:
Damnnn niggar
Isoright

imeller:

This is what the law has to say about this abhorrent practice.

In Nigeria, under the Dishonoured Cheques (Offences) Act[3] it is an offence to issue dud cheque. It is noteworthy that the Criminal Code or the Criminal Law of Lagos State did not specifically provide for an offence called issuance of dud cheque but it made provision for an offence of obtaining property by false pretence.

In a bid to deter the practice of issuance of dud cheque, Central Bank of Nigeria (CBN) came up with directives implementing measures to dissuade the commission of the offence. Where any person is found to have issued a dud cheque or is a serial user of dud cheque the banks would be empowered to do the following:

recall or cancel all unused cheque books issued to the serial user of dud cheques;
bar the affected user from the use of clearing system for a period of 5 years;
the name of the dud cheque offenders would be forwarded to three Private Credit Bureaux and Credit Risk Management System (CRMS);
the names of the offenders would be listed in the database of Credit Bureaux and Credit Risk Management System (CRMS) for a period of 5 years from the date of submission. The name of the offender would be removed after 5 years but if the offender is found to have committed another offence of issuance of dud cheque, the name of such offender shall be permanently reinstated on the database;
the serial issuer of dud cheque would be barred from accessing credit facilities from the banking system for a period of 5 years.