Justice P.I. Ajoku of the Federal High Court sitting in Port Harcourt, has remanded an oil magnate, Wilfred Chinonso Oti in the Port Harcourt Correctional Centre for impersonation, money laundering and obtaining by false pretence.
This followed his arraignment by the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, on an eight count charge.
One of the charges reads: “That you, Wilfred Chinonso Oti, sometime in March, 2023, at Port Harcourt within the jurisdiction of this Honourable Court with intent to defraud, obtained the sum of One Hundred Thousand United States of American Dollars ($100,000 USD) only from one Mrs. Daphne Isidro being payment of the cost price of petroleum products, which you claimed to have the capacity to deliver to her from Russia, which pretext you knew to be false and thereby committed an offence contrary to Section 1(1) (b) of the Advance Fee Fraud and Other Fraud Related offences Act, 2006 and punishable under Section 1(3) of the same Act”.
Another count reads: “That you, Wilfred Chinonso Oti, between 24th September 2020 and 13 August 2021, at Port Harcourt, within the jurisdiction of this Honourable Court, directly took possession of the aggregate sum of One Hundred and Eight Million, Nine Hundred and Eighty Thousand, Naira (N108,980,000.00) only in your First Bank Account No. 3158780105 which funds you reasonably ought to have known form part of the proceeds of your unlawful activities and thereby committed an offence contrary to section 15 (2)(b) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Sections 15(3) of the same Act”.
The defendant pleaded ‘‘not guilty’’ to all the charges read to him.
The prosecution counsel, Dr. B. Ubi prayed the court to remand the defendant at the Port Harcourt Correctional Centre and fix a date for the commencement of trial.
Counsel to the defendant, C .S. Magha informed the court that he has filed an application for the bail of the defendant and prayed the court to grant the defendant bail due to his health condition. However, the prosecution opposed the application on the ground that no material was placed before the court with regards to the health status of the defendant..
Justice Ajoku ordered the remand of the defendant in the Port Harcourt Correctional Centre and adjourned till September 21, 2023 for the commencement of trial.
Oti’s troubles began when he was arrested in June by the operatives of the Port Harcourt Zonal Command in a sting operation at Rivtaf Golf Estate, Odili Road, Port Harcourt, Rivers State for alleged internet fraud, impersonation, money laundering and obtaining money under false pretence.
Investigation revealed that the defendant registered a WhatsApp account with the name “Russian Petrol Product” wherein he impersonated Goncharov Sergey, the managing Director of Spetsnefteservice Refinery, and offering non-existent petroleum products for sale to his victims.
