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OSONDU
V.
FRN

(2000) JELR 43921 (CA)    

Court of Appeal  ·  CA/C/137/99 ·  5 Jul 2000 ·  Nigeria
 · 
Other Citations
Osondu v. F.R.N. (2000) 12 NWLR (Pt.682)483
Osondu v. F.R.N. (2000) 12 NWLR (Pt. 682) 483
CORAM
DENNIS ONYEJIFE EDOZIE Justice of The Court of Appeal of Nigeria OKWUCHUKWU OPENE Justice of The Court of Appeal of Nigeria SIMEON OSUJI EKPE Justice of The Court of Appeal of Nigeria

Ratio Decidendi

Core Terms Beta
appellant
financial malpractices
recovery of debts
criminal code
operation of a bank
failed banks tribunal
banks tribunal
benjamin udeozor osondu
laws of the federation of nigeria
banks decree
diamond bank limited
failed banks
jurisdiction of the failed banks
chartered bank limited
emmanuel oti
foreign account numbers
reasonable doubt
citizens international bank limited
diverse accounts
credit suisse geneva
false documents
learned counsel
persons unknown
property of pasco
subject matter of the charge
suisse geneva
above counts
briefs of arguments
business colleague
case submission
conclusion of the case
count charges
defunct failed banks
documentary exhibits
federal revenue court act
following statement
foreign bank
fraudulent withdrawal of money
known person
leading judgment
letters of instructions
letters of instructions exhibits a7
name chief emmanuel oti
ondo state university v
s.a
said bank
said hanks
similar issues
sole signatory of the account of pasco
transfer of the sums

EDOZIE, JCA (Delivering the Leading Judgment): The appellant, Benjamin Udeozor Osondu, was on 20th July, 1998 arraigned before the defunct Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Tribunal, Kano Zone II (hereinafter referred to as the Failed Banks Tribunal simplicitier) on allegations contained in an 8 count charges which as subsequently amended read as follows:-

"Count 1:

That you Benjamin Udeozor Osondu between the 2nd July, 1996 and the 5th August, 1996 at Lagos within the jurisdiction of the Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Tribunal conspired with persons unknown to commit a felony to wit, stealing the sum of $951,070.69 American Dollars, the property of PASCO (Panama) S.A and depositing it in diverse accounts at Citizens International Bank Limited, Diamond Bank Limited and Chartered Bank Limited in Lagos and thereby committed an of offence contrary to section 516 of the Criminal Code, Cap. 77, Laws of the Federation …

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