Crime
Osipitan arraigned for mismanaging N6bn insurance benefit fund
The EFCC has arraigned the Managing Director of PJO Ventures Limited, Cecilia Osipitan.
Joined as the defendant is the PJO and Insurance Resourcery and Consultancy Services Limited.
Both were brought before Justice U. P. Kekemeke of the Federal Capital Territory High Court in Maitama, Abuja.
Osipitan faces a nine-count charge bordering on criminal breach of trust, conspiracy and conversion of public funds to the tune of N6billion.
According to the EFCC, the money was meant for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of the defunct Power Holding Company of Nigeria (PHCN).
Osipitan’s offence contravened Section 311 of the Panel Code Act Cap 532 Laws of the Federation of Nigeria, (Abuja) 2004 and punishable under Section 312 of the same Act.
The defendant pleaded not guilty when the charges were read.
Justice Kekemeke granted her bail in the sum of N500million with two sureties in like sum.
The sureties must be federal civil servant, a religious leader or a member of the National Assembly residing and own landed properties in Abuja.
The case was adjourned until January 20, 2022 for commencement of trial.
-
Education7 days agoUniversity of Ibadan releases 2026/2027 post-UTME screening results
-
Football7 days agoUnpaid £185m Club World Cup fund sparks fresh FIFA controversy
-
Business6 days agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Football2 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business2 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Latest7 days agoObasanjo’s Abeokuta summit ignites fresh talks of opposition realignment
-
Aviation7 days agoHow visa restrictions fail to slow Nigerians’ ‘Japa’ trend
-
Energy7 days agoThree years later, fuel subsidy savings remain under scrutiny