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Alleged N9.4bn Fraud: Court orders arrest of two foreigners

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Alleged N9.4bn Fraud: Court orders arrest of two foreigners

The Federal High Court sitting in Lagos has ordered the arrest of two businessmen, Nabil Maukarzel and Halawi Fidaa, for allegedly refusing to appear before it to take their plea over an alleged N9.4 billion fraud.

Maukarzel, a Lebanese and Fidaa, a French national were accused by the prosecutors from the Force Criminal Investigation Department (FCID) of obtaining the sum of N9,442, 788,578.93 from ECO BANK of Nigeria Limited under false pretences.

The police after concluding their investigation filed a three-count charge of conspiracy, fraud and stealing against the foreigners.

The charge was signed by two police prosecutors, Williams Tijanni and S.O. Ayodele.

The charge read, “That you NABIL MAUKARZEL ‘M’, HALAWI FIDAA ‘M’ and others now at large sometimes in the year 2014 at Apapa, Lagos within the jurisdiction of the Federal High Court of Nigeria conspired among yourselves to commit felony to wit obtaining the sum of N9,441,824,102.14K (Nine Billion, Four hundred and forty-one million, eight hundred and twenty-four thousand, one hundred and two naira and fourteen Kobo Only) from ECO BANK OF NIGERIA LIMITED under the pretence that you are using the said sum to import goods to Nigeria, a representation you knew to be false and thereby committed an offence contrary to Section 8 (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the same Act.

“That you NABIL MAUKARZEL ‘M’, HALAWI FIDAA ‘M’ and others now at large sometimes in the year 2014 at ECO BANK OF NIGERIA LIMITED, plot 21 Ahmadu Bello Way, Victoria Island of Lagos State of Nigeria, within the jurisdiction of this honourable court with intent to defraud fraudulently obtained the total sum of N9.441,824.102.14K (Nine Billion, Four hundred and forty-one million, eight hundred and twenty-four thousand, one hundred and two naira and fourteen Kobo Only) from ECO BANK OF NIGERIA LIMITED under the pretence that you are using the said sum to import goods into Nigeria a representation you knew to be false and thereby committed an offence contrary to Section 1 (a), (c) & 1 (2) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section | (3) of the same act.

“That you NABIL MAUKARZEL ‘M’, HALAWT FIDAA ‘M’ and others now at large sometimes in the year 2014 at Lagos, within the jurisdiction of this honourable court steal the total sum of N9,441,824,102.14K (Nine Billion, four hundred and forty-one million, eight hundred and twenty-four thousand, one hundred and two naira and fourteen Kobo Only) and thereby committed an offence punishable under Section 390 (a) of the Criminal Code Cap C38 Laws of the Federation of Nigeria 2004.”

But since the charge was filed in 2021, the suspects have refused to show up in court, prompting the police to file a motion exparte urging the court to order their arrest.

After listening to the motion, Justice Daniel Osiagor issued a warrant for their arrest and the police subsequently declared them wanted.

The court also ordered that the suspects upon apprehension should be taken to the nearest police station.

Uchechi Ojo
Uchechi Ojo, is a Lagos-born and based writer, newscaster and voice-over artist. A versatile and committed journalist with the yearning to make a difference in the industry. She writes balanced, informative and interesting stories. Uchechi has the ability to interact and listen with rapt attention, excellent time management and great communication skills while paying attention to detail. She is very approachable and a good team player. Instagram | LinkedIn
Mike Ojo

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