Justice Akintayo Aluko of the Federal High Court in Lagos has withdrawn from further proceedings in the criminal case involving a Briton, Marcus Wade, and two Indian nationals, Prem Garg and Devashish Garg, who are facing allegations of defrauding Ecobank Plc of $42.48m.
The Office of the Attorney-General of the Federation had filed charges against the three foreigners and their companies, Wilben Trade Limited and Agrico Agbe Limited, accusing them of conspiracy, obtaining money by false pretence and fraud.
According to the charge marked FHC/L/562C/2022, the defendants allegedly obtained the sum from Ecobank in 2015 under the pretext of importing rice into Nigeria.
One of the counts reads: “That you, Prem Garg, Devashish Garg, both of Indian nationality; Agrico Agbe Limited (a company registered in Nigeria); Wilben Trade Limited, Dubai (a company registered in the United Arab Emirates, Dubai); and Marcus Wade (Chairman of Wilben Trade Ltd, Dubai), of British
This post was originally published on this site.
