PORT HARCOURT-BASED PONZI DIRECTOR PLEADS ‘NOT GUILTY’ TO N13.8B FRAUD
The Economic and Financial Crimes Commission, EFCC, has arraigned one PRECIOUS WILLIAMS before the Federal High Court in Port Harcourt, the Rivers State capital, for alleged Thirteen-Point-Eight Billion Naira fraud.
According to the fourteen-count charge before Justice S. I. MARK, the EFCC alleged that PRECIOUS WILLIAMS was involved in conspiracy, advance fee fraud, obtaining money under false pretence and money laundering to the tune of Thirteen-Point-Eight Billion Naira.
The EFCC further alleged that PRECIOUS WILLIAMS committed the crimes through businesses registered as Williams of Glossolalia Nigeria Limited; Pelegend Nigeria Limited, Phenom 413 Events Limited and Doxasterz Oil and Gas Limited, sometime between August, 2019 and February, 2020.
The anti-graft agency alleged that the defendant directly took possession of the sum of Ten Billion Naira in her Sterling Bank account from one MAXWELL CHIZI ODUM and MBA Trading and Capital Investment Limited, funds belonging to one CHRISTIAN AGADAGA and over three thousand others.
However, the defendant pleaded not guilty to all the charges, following which the prosecution counsel E. K. BAKAM to ask for a trial date and applied for the remand of the defendant in a correctional center.
In his ruling, Justice MARK ordered the remand of PRECIOUS WILLIAMS in the Port Harcourt Correctional Center and adjourned the case till June 17, 2025 for the hearing of the bail application.