EFCC Arrests India Man Over N70m Fake Cheque Issuance

Economic and Financial Crimes Commission, EFCC has arrested an India man, Yuvraj Kumar over alleged issuance of 70 million naira dud cheque.

Information from the EFCC public relations unit indicated that the Indian national, Yuvraj Kumar Mehra was arraigned by the Ibadan Zonal Command before Justice Olanrawaju Majekobe of the Ogun State High Court on eight count charges which bordered on conspiracy and issuance of dud cheque to the tune of 70 million naira.

The defendant was arraigned alongside his firm, Dolphin Steels Nigeria Limited.

Yuvraj was docked for his refusal to pay the Ibadan Electricity Distribution Company Plc, IBEDC the said sum for power supplied to his company.

Investigation carried out by the operatives of the Ibadan Command revealed that the defendant issued a total number of thirteen dud cheques for 125, 000, 000.00 naira, (One Hundred and Twenty Five Million Naira) to IBEDC, between October 2, 2018 and December 3, 2018.

Upon persistent effort by IBEDC, the defendant made part payment but reneged in paying the balance of 70 million naira and all attempt to get him to pay were futile.