Friday, October 31, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home JUDICIARY

Cooperative Society CEO Bags One Year for N2bn Fraud 

Eke’s road to the Correctional Centre began when he was arrested for collecting huge sums of money from different unsuspecting victims with a promise of 80% return on investment within 40 days.

Newsroom Nigeria by Newsroom Nigeria
February 21, 2025
in JUDICIARY, News
Reading Time: 3 mins read
0
SHARES
Share on FacebookShare on Twitter

Justice Rosemary Dugbo Oghoghorie of the Federal High Court sitting in Calabar has convicted and sentenced the Chief Executive Officer, Micheno Multi-purpose Cooperative Society, Uno Michael Eke to one year imprisonment for conspiracy, obtaining property by false pretence and money laundering to the tune of N2 ,000,000,000.00 (Two Billion Naira)

He was jailed after pleading guilty to four-count amended charges preferred against him by the Uyo Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.

Related posts

Nigeria To host IPI Africa Meeting

Nigeria To host IPI Africa Meeting

October 26, 2025
FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS

FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS

October 19, 2025

Count One reads “That you, Uno Michael Eke (being the President/Chief Executive Officer of Micheno Multi-Purpose Cooperative Society); Registered Trustees of Micheno Multi Purpose Cooperative Society, MMCS, Aya Kanu Aya, (Alias Mbakara) being the Vice President of Micheno Multi-Purpose Cooperative Society (now at large), sometime between June and August 2018 in Calabar within the jurisdiction of this Honourable Court, conspired among yourselves to commit an offence to wit: obtaining property by false pretence and you thereby committed an offence contrary to Section 8 (a) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act’.

Count two reads “That you, Uno Michael Eke (being the President/Chief Executive Officer of Micheno Multi-Purpose Cooperative Society), Registered Trustees of Micheno Multi Purpose Cooperative Society, MMCS, Aya Kanu Aya (Alias Mbakara) being the Vice President of Micheno Multi-Purpose Cooperative Society (now at large), on or about the 12th day of July, 2018 in Calabar within the jurisdiction of this Honourable Court, with intent to defraud, did obtain the sum of Two Million Naira (N2,000,000.00) from one Kubnse Ogar Ebute by inducing her to invest the money into your Swiss golden packages through your Micheno Multi-Purpose Cooperative Society ltd under the false pretence of paying her 80% as return on investment on her principal sum on the 40th day of his investment, which 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”.

Eke pleaded guilty to the charges when they were read to him.

In view of his guilty plea, prosecution counsel, Joshua Abolarin prayed the court to convict the defendant based on the charges before the court. The defence counsel, Ime Umanah informed the court of a plea bargain agreement before the court and prayed for a lighter jail term for his client.

The judge, after considering the plea of the convict and evidence before the court, convicted and sentenced Eke to one year imprisonment or an option of fine of N2,000,000.00 (Two Million Naira). Also, the convict was ordered to forfeit the following to the Federal Government of Nigeria: Twelve (12) flats of 2 bedrooms each located by Goodluck Jonathan bypass, Calabar River State, two (2) plots of land (4.162 hectares and 3.391 hectares) both located at Adiabo Ikot Mboout Community Land, Odupkpani LocAl Government Area, Cross River State, two (2) plots of land located at Akai Effa, Calabar Municipality, Cross River State and eighteen (18) self-contained flats (storey building), located beside University of Calabar, Ita-Agbor, Calabar, Cross River State and N10,000.000( Ten Million Naira) recovered during investigation. The judge ordered that all monies recovered from the convict should be restituted to victims listed in all the charges.

Eke’s road to the Correctional Centre began when he was arrested for collecting huge sums of money from different unsuspecting victims with a promise of 80% return on investment within 40 days. Investigations showed that he opened different bank accounts in his name and company’s where he raked in the sum of N2 billion from his victims. The funds were used to acquire landed properties and houses in Calabar, Cross River State.

ShareTweetSendShareShare
Previous Post

OSUN LG ELECTIONS: INTELLIGENCE REPORTS INDICATE HIGH SECURITY THREATS, VOLATILITY

Next Post

BORBDA: BENIN PEOPLE OF EDO SOUTH  PROTEST AGAINST MARGINALISATION IN APPOINTMENT

Related Posts

Nigeria To host IPI Africa Meeting
Media and Press

Nigeria To host IPI Africa Meeting

October 26, 2025
FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS
Education/Human Capital

FG CLARIFIES STREAMLINED ADMISSION REQUIREMENTS SAYS ENGLISH AND MATHEMATICS REMAIN COMPULSORY TO REGISTER AND SIT FOR BY ALL O’LEVEL STUDENTS

October 19, 2025
Viewpoint: Olumhense’s Hot Air against EFCC, By Tony Egbulefu  
JUDICIARY

Witness Narrates How Bishop Katung Lured him into ₦178m Investment Scam

October 17, 2025
Olukoyede Tasks Media, CSOs on Greater Commitment to Anti-Graft War
Corruption Crusade

Olukoyede Tasks Media, CSOs on Greater Commitment to Anti-Graft War

October 17, 2025
FG, GenCos Finalise Implementation Framework for ₦4 Trillion Presidential Power Sector Debt Reduction Plan
Business and Economy

FG, GenCos Finalise Implementation Framework for ₦4 Trillion Presidential Power Sector Debt Reduction Plan

October 14, 2025
Lagos Speaker Celebrates Seyi Tinubu at 40
News

Lagos Speaker Celebrates Seyi Tinubu at 40

October 13, 2025
Next Post

BORBDA: BENIN PEOPLE OF EDO SOUTH  PROTEST AGAINST MARGINALISATION IN APPOINTMENT

RECOMMENDED NEWS

Sports and Economy Intersect: Ekiti Finance Commissioner Honored with Nigeria Sports Achievers Award.

7 months ago

FIRSTBANK HOLDS A ROUND TABLE AS ASUQUO, IGHODARO, OTHERS SHARE THEIR EXPERIENCES

4 years ago

SOLUDO CONDEMNS GRUESOME MURDER OF OKOYE, URGES CITIZENS TO BRACE UP FOR WAR

3 years ago

Kwara South Leaders Commend Abdulrazaq’s Strides, says Region will Follow Gov’s Direction in 2027

9 months ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    BREAKING: TINUBU CHANGES SERVICE CHIEFS

    0 shares
    Share 0 Tweet 0
  • VIEWPOINT: HERE IS THE CURRICULUM VITAE OF NEW SERVICE CHIEFS

    0 shares
    Share 0 Tweet 0
  • SOUTH WEST GOVERNORS, STAKEHOLDERS RALLY FOR POWER DEVOLUTION, REGIONAL GROWTH AT PARLEY IN ONDO

    0 shares
    Share 0 Tweet 0
  • Runsewe Bags ‘Pillar of Niverian Tourism and Culture’ Award

    0 shares
    Share 0 Tweet 0
  • PRESIDENT TINUBU SIGNS INSTRUMENT OF CLEMENCY AND PARDONS, MOVES SECRETARIAT OF PREROGATIVE OF MERCY COMMITTEE TO JUSTICE MINISTRY

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.