Chief Magistrate Chinyere Elewe Nwecheonwu of Chief Magistrate Court Zone 6, Abuja on Monday adjourned till January 25, 2018, further hearing on the matter between the Federal Government and the BGL Group and its officials, this is even as Managing Director of the Company, Albert Okumagba was again absent in court.The adjournment became necessary after counsel to Deputy Managing Director of the Company, Chibundu Edozie, K.B Asunogie drew the attention of the Magistrate to a pending application before another court challenging Edozie’s arraignment.
Asunogie informed the court that “we are aware that there is a pending application challenging this arraignment. When an applicant is challenging a charge; his appearance on the dock is suspended until that preliminary objection is determined I want to therefore ask that since that preliminary injunction subsists, the accused should be discharged from the dock”.
However, counsel to the Federal Government, Moshood Adeyemi told the court that they have not been served any notice of preliminary injunction, but also informed the court he was ready for an adjournment to enable the prosecution regularize its papers and product Albert Okumagba in court so as to be able to get justice for all parties concerned Presiding Magistrate therefore directed the defense team to serve the notice on the prosecution before the next adjourned date to enable the court hear the notice of preliminary injunction.
There was a mild drama outside the court when counsel to the accused tried to prevent journalists from taking photographs of the accused person, threatening to sue anyone that publishes a photograph of the defense team or the accused.
In the end, some of the defense team formed a human barricade around the accused while others blocked the lenses of one of the photojournalists
Recall that the BGL Group and its officials were last month arraigned at the Chief Magistrate Court Zone 6, Abuja on charges of criminal conspiracy, Breach of Trust and cheating contrary to Sections 96, 312, 322 and 323 of the Penal Code Law, Chapter 89.
Edozie who was docked along with three other accused were alleged to have conspired among themselves with some other staff of BGL and committed the offenses against the investing public which includes Mahmoud Usman, Ann Awase Orsule, Sylvanus C. Ghasarah, Eno Efanga, UN Staff Thrift Credit Cooperative Society of Anambra State Abuja office and Adejoke Atte among others who filed complaints against them before the Securities and Exchange Commission.
Managing Director of the Company, Mr. Albert Okumagba was not in court and also had no representation. However, Edozie was granted bail in the sum of N1million with one surety in the like sum who should not be less than a Level 12 officer and resident in Abuja.
Presiding Magistrate, Chief Magistrate Chinyere Elewe Nwecheonwu after the arraignment, adjourned the first hearing to November 6, 2017.
The SEC in exercising its responsibility as enshrined in the ISA, in tackling civil cases through its Administrative Proceedings Committee (APC) recently banned Mr Albert Okumagba, BGL Managing Director and his deputy, Mr Chibundu Edozie, from participating in capital market activities for 20 years.
